Small Cap Wrap: Day: November 12, 2020

AIM Breakfast - Archive

12 November 2020

Bytes Technology Group one of the UK’s leading software, security and cloud services specialists, announces that the
Company intends to publish a Registration Document and is considering proceeding with an initial public offering (Main Mkt
Prem). FY20 gross profit of £79.2m (+24.5% against FY19) and adjusted operating profit of £31.7m (+53.9% against FY19).
Highly cash generative with FY20 cash conversion of 125.9% (FY19 cash conversion 139.7%). Bytes due on or
around 17 December 2020.
Round Hill Music Royalty fund to IPO on the Specialist Fund Segment of the Main Market of the London Stock Exchange,
by way of a placing and offer for subscription targeting the issue of 375m ordinary shares at an issue price of US$1.00 per
Ordinary Share. The Company’s Investment Objective is to provide investors with an attractive level of regular and growing
income and capital returns from investment primarily in high quality, music intellectual property. Due mid-November.
Mailbox REIT PLC , a newly formed single asset company which owns the Mailbox , a large prime office-led mixed use
property in Birmingham which has been independently valued at £179m, announced its intention to raise up to £62.5m.
MailBox REIT will apply for the Ordinary Shares be admitted to trading on the IPSX Prime segment of
International Property Securities Exchange (IPSX ). Due November.
Tirupati Graphite, the fully-integrated, cash generative, specialist graphite and graphene producer with operations in
Madagascar and India, announced its potential intention to undertake an initial public offering on the LSE (standard listing).
Timing tbc
Umuthi Healthcare Solutions Plc, the technology led healthcare business focused on the distribution of pharmaceuticals
and the provision of medical facilities in remote areas, seeking admission to the Standard Listing segment of the Official List.
Timing tbc
Kibo Energy PLC, the multi-asset Africa focused energy Company, is seeking admission for its 100% owned UK subsidiary
Sloane Developments Ltd , which will be renamed Mast Energy Developments PLC (MED), to the Standard List
of the London Stock Exchange plc. The MED business strategy is to acquire and develop a portfolio of flexible small-scale
power generation assets, exploiting a growth niche market in the UK for Reserve Power generation to balance out the national
grid at critical times. Targeted for Q4 2020.
Press reports emerged late last week that cybersecurity firm Darktrace is targeting a float next year with a US$5bn
valuation. The company uses artificial intelligence technology to spot cyber threats for businesses. Some of its clients include
BT Group, William Hill and online shopping giant Ocado. Its investors also include KKR & Co, Vitruvian Partners and Summit
Partners. Targeted for 2021.

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