Single Asset Listings have been a vehicle for innovative strategies on London Stock Exchange. They include those with a singular focus from concentrated investment in quoted companies to alternative asset classes such as aircraft and real estate. Please see below case studies for issuers who owned a single asset at listing.
|LSEplc market at IPO||Main Market - Specialist Fund Segment|
|Admission date||13th December 2010|
|Single Asset||Airbus A380-861|
|Capital Raise at IPO||£39.6m|
|Placing Agent||Nimrod Capital|
|Legal Counsel at IPO||
Herbert Smith Freehills(English Law)
Mourant Ozannes(Guernsey Law)
|Asset Manager||Doric Asset Finance|
To obtain income returns and a capital return for its shareholders by acquiring, leasing and then selling a single aircraft.
The fund purchased one Airbus A380-861 aircraft, manufacturer's serial number 016, which it leases to Emirates Airlines, the national carrier owned by the Investment Corporation of Dubai, based in Dubai, United Arab Emirates.
Source: London Stock Exchange, Nimrod Capital