London Stock Exchange welcomes Acceler8 Ventures plc to the Main Market
The London Stock Exchange today welcomes Acceler8 Ventures plc ('AC8') to the equity shares commercial companies (‘ESCC’) category of the Official List, following its all-share combination with Intuitive Investments Group plc ('IIG'), a transaction that marks the next strategic step in IIG's evolution, from investment company to a fully-fledged Main Market listed operating business.
AC8’s combination with IIG positions the enlarged Group to be able to access the broader institutional investor base through a more appropriate public market platform of an ESCC listing through which investors can assess operational progress, strategic positioning and the long-term growth opportunity.
Following Admission, the enlarged Group is led by a newly constituted Board comprising Sir Nigel Rudd as Independent Non-Executive Chairman, Daniel Levine as Chief Executive Officer, Giles Willits as Chief Financial Officer, Richard Kilsby as Senior Independent Non-Executive Director and Malcolm Le May as Independent Non-Executive Director. Collectively, the Board brings substantial experience across listed companies, international business, corporate finance, technology, investment and governance.
Hui10 is a Beijing-headquartered technology group that has spent more than a decade developing digital infrastructure creating a new data-layer within China’s regulated lottery ecosystem. Its technology enables transactional activity that connects with consumers and merchants, supporting improved oversight, engagement, transaction traceability and operational insight. With deep integration into national payment infrastructure, UnionPay certified point-of-sale technology, and established commercial relationships with regulated financial technology service providers and institutions. Hui10 has developed a differentiated and strategically important position from which to continue the digital evolution of its platform and services.
“Today’s move to the Official List of the FCA and the ESCC segment of the main market is the culmination of a rigorous and carefully executed process, and represents a significant milestone for the enlarged Group. This combination allows us to resolve a structural disconnect that was obscuring real value, and to present this business to the market as a growing, operationally active technology driven company. We now have a more appropriate public-market platform from which to broaden investor engagement, communicate our operational progress and execution of our long-term growth strategy.”
Daniel Levine
CEO of AC8
“Today marks the next step of what I continue to believe is a compelling journey of long-term value creation for our shareholders. Our focus is to build on Hui10's strong operational foundations and its unique market position, with today’s ESCC listing further enhancing our ability to generate long-term shareholder value.”
Sir Nigel Rudd
Independent Non-Executive Chairman of AC8
