Redefining Sea-bound Retail and Weddings
Investment Criteria: Saorsa is specifically targeting the expansive market of duty-free retail concessions, with a primary focus on gold, diamonds and jewellery. As a distinguished player amongst listed companies in duty-free retail consortiums, specialising in luxury goods concessions, Saorsa aims to leverage this position to access a distinctive portfolio of acquisitions. By strategically pursuing a ‘Reverse Takeover’ (RTO), the company anticipates enhancing its market presence and potentially elevating its strategic standing.
Saorsa Holdings is committed to providing significant value to its pre-IPO investors by offering shares at an attractive price of 6p per share. This pricing strategy positions the shares well below the maximum offer price of 10p per share upon listing.
Discount Percentage = 0.6×100 = 40% discount
Therefore, Saorsa is offering its shares at a discount of 40% to the maximum offer price, providing an enticing opportunity for pre-IPO investors.
The directors believe that their broad, collective experience, together with their extensive network of contacts, will assist them in identifying, evaluating and funding suitable acquisition opportunities
Furthermore, upon admission of shares on Aquis listed at 10p per share, Saorsa is committed to maximizing value and returns for its shareholders. In pursuit of this goal, the company would be looking for reverse takeovers in the near future, exploring other acquisitions, whilst outside the remit of Saorsa’s existing investment policy, are deemed attractive opportunities by the directors to advance its investment portfolio and this shareholder value.
Any acquisition, along with potential future ventures are viewed as long-term investments for the company, underscoring Saorsa's strategic focus on sustainable growth and shareholder enhancement.
Saorsa is concentrating its efforts on creating value for its shareholders by becoming a distinguished and exclusive concessionaire for the retail of gold and diamond jewellery on the high seas. It is in the process of acquiring cruise ships to transform them into luxury havens for duty-free shopping.