Merian Chrysalis Investment Co. Ltd Starling Bank awarded CIF Pool A grant (9022Q)
February 22 2019 - 8:22AM
UK Regulatory
TIDMMERI
RNS Number : 9022Q
Merian Chrysalis Investment Co. Ltd
22 February 2019
Merian Chrysalis Investment Company Limited
22 February 2019
Merian Chrysalis Investment Company Limited (the "Company")
Announcement regarding portfolio company
Starling Bank awarded CIF Pool A grant
The Company is pleased to note that Starling Bank, a recent
addition to the Company's portfolio, as announced on 13 February
2019, has today been awarded a GBP100 million grant from the
Capability and Innovation Fund ("CIF"). It is one of three
recipients of the first round of grants designed to promote
competition in the market for banking services to SMEs in the
United Kingdom. Further information on the award can be found in
the full announcement on the BCR website.
Nick Williamson, co-fund manager comments:
"The GBP100 million grant is expected to further enable Starling
Bank to execute its ambitions to reshape the SME banking market
through investment in its proprietary technology and expansion of
its UK-based customer service and support team."
More information on Starling Bank's intentions for the grant can
be found on the BCR website.
For further information, please
contact: Merian Global Investors:
Amelie Shepherd +44 (0) 20 7332 7500
Liberum:
Gillian Martin / Christopher
Britton +44 (0) 20 3829 5000
Maitland Administration (Guernsey)
Limited:
Aimee Gontier / Elaine Smeja +44 (0) 1481 749364
LEI: 213800F9SQ753JQHSW24
A copy of this announcement will be available on the Company's
website at https://www.merian.com/chrysalis/. Neither the content
of the Company's website, nor the content on any website accessible
from hyperlinks on its website for any other website, is
incorporated into, or forms part of, this announcement nor, unless
previously published by means of a recognised information service,
should any such content be relied upon in reaching a decision as to
whether or not to acquire, continue to hold, or dispose of,
securities in the Company.
This announcement may include "forward-looking statements". All
statements other than statements of historical facts included in
this announcement, including, without limitation, those regarding
the Company's financial position, business strategy, plans and
objectives of management for future operations (including
development plans and objectives relating to the Company's products
and services) are forward-looking statements.
Forward-looking statements are subject to risks and
uncertainties and accordingly the Company's actual future financial
results and operational performance may differ materially from the
results and performance expressed in, or implied by, the
statements. These factors include but are not limited to those
described in the formal Prospectus. These forward-looking
statements speak only as at the date of this announcement. The
Company expressly disclaims any obligation or undertaking to update
or revise any forward-looking statements contained herein to
reflect actual results or any change in the assumptions, conditions
or circumstances on which any such statements are based unless
required to do so by the Financial Services and Markets Act 2000,
the Listing Rules or Prospectus Rules of the Financial Conduct
Authority or other applicable laws, regulations or rules.
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END
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