4 September
2024
Majestic Corporation Plc
(the "Company" or "Majestic")
Majestic Secures £1 Million Annual EIS
Approval
Majestic Corporation Plc ("AQSE:MCJ"), a sustainable
circular economy solutions provider specialising in recycling
precious and non-ferrous metals, is pleased to announce that His
Majesty's Revenue and Customs ("HMRC") has granted the Enterprise
Investment Scheme ("EIS") status for investments made by certain
qualifying individuals.
The EIS is a UK government initiative that encourages
investment in qualifying companies by offering tax benefits for
qualifying investors who subscribe for new shares. For the
avoidance of doubt, EIS income tax relief is not available for
directors or employees of Majestic.
The Directors of Majestic also believe that an
investment in the Company would potentially constitute a
'qualifying holding' for a Venture Capital Trust ("VCT") subject to
certain conditions being met. A company can receive a maximum of £5
million from EIS and VCT investors on a 12-month rolling basis. The
grant of EIS status broadens the Company's potential investor base
as it continues to develop and grow.
-Ends-
For
further information, please visit www.majestic-corp.com,
or contact:
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Majestic Corporation Plc
Peter Lai (Chairman and CEO)
Joe Lee (CFO)
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E: peter@majestic-corp.com
E: joe@majestic-corp.com
|
|
Guild Financial Advisory Limited - Corporate
Adviser
Ross Andrews
Evangeline Klaassen
|
T: +44 (0)7973 839767
E:
ross.andrews@guildfin.co.uk
T: +44 (0)7972 841276
E:
evangeline.klaassen@guildfin.co.uk
|
|
Redchurch Communications - Financial PR &
IR
John Casey / Nicky
Bagheri
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T: +44 (0) 207 870 3974
E: mcj@weareredchurch.com
|
About Majestic Corporation
PLC
Majestic Corporation PLC is an emerging leader in
sustainable circular economy solutions, specialising in recycling
and recovering precious and base metals from everyday materials
such as electronics, catalytic converters, and solar and battery
materials. The company serves some of the world's largest brands,
including Original Equipment Manufacturers (OEMs), blue-chip
multinational corporations, financial and leasing businesses, and
state and federal governments.
Through its subsidiaries and affiliate companies in
strategically located regions, including the United Kingdom, the
United States, Malaysia, Australia, and Italy, Majestic procures,
processes, and ships e-waste to smelter and refinery partners who
extract precious and base metals for re-entry into global supply
chains.
Majestic's areas of focus include catalytic
converters, printed circuit boards, solar panels, battery
materials, precious metals recovery, and non-ferrous metals.
As Majestic continues to expand its footprint as a
circular economy solutions provider, it remains committed to making
a positive environmental impact, adhering to ESG values, and
driving its business model through immediate and short-cycle cash
flow, which strengthens the Company's performance and
sustainability.