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New standard listing: Acceler8 Ventures

Shell company Acceler8 Ventures will have £450,000 after expenses to seek a suitable acquisition candidate. The £300,000 of expenses seem high, but costs will be relatively high when a company is so small.

Adviser Tessera Investment Management has pocketed £100,000 in fees and previously subscribed £25,000 for a 3.3% stake.  It will be paid a success fee on completion of the first acquisition and will be paid fees for other services.

Patronus Partners received an introducer fee of 5% of cash it raised, and its clients hold 183,000 shares in a nominee account. That equates to just over £9,000 in fees and it could have secured other investors.

After expenses, the cash is equivalent to 60p a share. This does not take into account any dilution from incentives and the fact that t...

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