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Bishop & Sewell Advises on Spinnaker Opportunities IPO

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Bishop & Sewell has advised Spinnaker Opportunities, a new cash shell, on its admission to the Standard List of the London Stock Exchange and its Placing and Subscription of over 26 million shares. Admission and Dealings occurred at 5 pence per share on Wednesday 17th May.

Spinnaker is the latest venture of veteran small-cap trouble-shooter turned entrepreneur, Andy Morrison, who is chairman and a leading investor in the business. Spinnaker, which has a highly experienced board and advisory team, is now seeking a reverse takeover and is currently assessing opportunities in the oil and gas sector, mid-stream and down-stream energy and cleantech.

The transaction was handled on behalf of Bishop & Sewell by David Little, Andrew Kavanagh and Gurkirit Gill.

 David Little, Partner at Bishop & Sewell, added:

“It has been a real pleasure to help Spinnaker Opportunities plc on this significant step and to see the company complete a successful offering at a time of relative uncertainty in equity markets generally.”

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Each of our clients receives legal services tailored to their particular needs and delivered in a practical and highly responsive manner. We pride ourselves on exceeding our clients expectations. We provide advice and assistance of the highest calibre, but which is also accessible and which always keeps in mind commercial realities. This ensures we help our clients – whether individuals or businesses – navigate their legal issues effectively and achieve the very best possible outcomes.

The firm has steadily expanded over the years. As well as serving clients in the local area, London and the South East, we are increasingly instructed by those further afield: nationwide and internationally.

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