Emmerson Plc was registered and incorporated on the Isle of Man on 1st March 2016 and was formed to undertake the acquisition of a target Company or business (the “Acquisition”).
Following completion of the Acquisition, the objective of the Company will be to operate the acquired business and implement an operating strategy with a view to generating value for its shareholders through operational improvements as well as potentially through additional complementary acquisitions following the Acquisition. Following the Acquisition, the Company intends to seek re-admission of the enlarged group to listing on the Official List and trading on the London Stock Exchange or admission to another stock exchange.
The Company’s efforts in identifying a prospective target company or business will not be limited to a particular industry or geographic region. However, given the experience of the Directors, the Company expects to focus on acquiring an exploration or production company or business in the natural resources sector with either all or a substantial portion of its operations in South East Asia, Africa, and the Middle East.
In assessing the potential Acquisition, the Board will pay particular attention to the following overriding factors:
- the existence of production providing cash flow for the business;
- strong exploration potential in known natural resources producing areas;
- the quality of the management; and
- an established track record of developing natural resources assets.