JP Jenkins Monthly Newsletter #2

JP Jenkins

March 20, 2024

Second Edition

This month we announced a major shift towards digital-first operations, significantly modernising our venue for trading unquoted securities. This transformation was marked by the full digital integration of many UK brokers into its system. This move towards automation aims to enhance liquidity, transparency, and scalability, accommodating a growing number of issuers and traded volumes. Our parent company and technology provider, InfinitX, allows for seamless connectivity and order gathering from any regulated broker.

This transition to a wholly digital approach represents a strategic leap forward and sets the new standard for the trading of private securities which will in turn attract more companies and higher trading volumes. By streamlining the process and making it super efficient, we are ready to facilitate greater liquidity and investment in private securities, marking 2024 as a pivotal year for private company trading venues.

Trading update:

Within the first week of going live with our electronic trading we received over 128 live orders resulting in a trading consideration of £7.4m, with much more to follow. There are lots of private companies now looking to utilise a private venue for trading and many looking to delist for better utilisation of trading and valuations off public markets.

Issuer news – Check out the latest updates and news from our clients

Thrive Renewables, a clean energy investment company, announced they have completed three major projects that were delivered in February. Invested £1 million into a 1MW community-owned, agreed a 25 year life extension for one of our Scottish hydro projects and switched on our largest battery project to date in Bristol. Thrive is now recruiting two Non-Executive Directors (NEDs) with experience at a senior level to join the Board. For full job spec and to apply: https://lnkd.in/errxFRwr. Thrives shares are trading on JP Jenkins via our auction service, to learn more please visit: https://jpjenkins.com/company/thrive-renewables-plc

GS Verde Group has recently marked its entry into the JP Jenkins trading venue following a seven-figure funding round the company reported deal activity and revenue growth, establishing itself as the most active dealmaker in Wales, according to Experian MarketIQ, which named the GS Verde Group the most active M&A advisors of Q3 2023. Full Article here: https://www.gsverde.group/news/gs-verde-group-lead-manda-rankings-for-another-year. GS Verde Groups shares are trading on JP Jenkins, to learn more please visit – https://jpjenkins.com/company/gs-verde-group/

Prax Group have been doing lots of work volunteering around the country with colleagues from their Weybridge office dedicating their time at the Hounslow Community FoodBox packing Easter hampers for the families in the local community. Prax has also been a long supporter of SchoolBreakfastWeek, highlighting the importance of a nutritious school breakfast in fuelling students for success. They currently fund breakfasts at a number of local schools striving to ensure that no child is too hungry to learn. Learn about what Prax Group do and how they conduct our business here: www.prax.com. Prax Groups DCU’s (Deferred Consideration Units) are trading on JP Jenkins, to learn more please visit: https://jpjenkins.com/company/prax-exploration-production-plc-dcu-2/

Agronomics Limited is delighted to announce that their portfolio company Meatly has created the world’s first cans of pet food that use cultivated chicken as a protein source. The product was created in collaboration with Meatly’s first brand partner Omni Pet Ltd (“Omni”), a fast-growing novel protein pet food company in the UK, founded by veterinarian Dr Guy Sandelowsky. Once its product has been granted regulatory approval, Meatly-produced pet food will be made available in shops across the country through partnerships with retailers and manufacturers like Omni. As an early investor in Meatly, Pets at Home Limited plans to be the first retailer to offer these products in its stores. Agronomics Warrants are trading on JP Jenkins, to learn more please visit: https://jpjenkins.com/company/agronomics/

Carlisle Support Services were one of the few established event partners at one of the UK’s most iconic venues. The highly trained staff members ensured visitors had a pleasant and safe experience as the extraordinary racing and the priceless moments returned to the Cheltenham Racecourse. Carlisle Support Services shares are trading on JP Jenkins, to learn more please visit: https://jpjenkins.com/company/carlisle-support-services-group-limited/

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