Citywire wrote about Augmentum in this article from 17 June:

Augmentum Fintech (AUGM), the £106 million venture capital investment trust backing peer-to-peer lender Zopa and stockbroker Interactive Investors, is looking to raise £30 million in its first share issue since spinning off from RIT Capital Partners in March last year.

Private and institutional investors are being offered a chance to buy 26.8 million new shares in Augmentum at 112p, a 2.2% premium to their net asset value at the end of March and a 0.9% discount to the closing price of the company’s existing shares last Thursday before it announced the placing.

The initial placing, offer for subscription and intermediaries offer may be enlarged to 44.6 million shares or £50 million if there is sufficient investor demand, the company said.

Augmentum, in which the Rothschild-family backed RIT Capital still holds a 13.6% stake, specialises in investing in fast-growing fintech companies before they reach the stock market. In addition to Zopa, its largest holding at 28% of the portfolio, and Interactive Investor, at 13%, it holds stakes in small business lender iwoca and Monese, a banking service for internationally mobile customers.


Read the full article here  

© 2018 Augmentum Fintech plc. All rights reserved.
Registered in England and Wales, company no. 11118262

Augmentum Fintech plc conducts its affairs so that its shares can be recommended by independent financial advisers (IFAs) to retail private investors. The shares are excluded from the Financial Conduct Authority's (FCA's) restrictions which apply to non-mainstream investment products because they are shares in a UK-listed investment trust

Investors should seek independent financial advice before investing. The value of your investment can go down as well as up, so you could get back less that you invested.

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