Investment Advisers

LMN Capital Limited

The Investment Manager has appointed LMN Capital Limited ("LMN") to advise it as St Peter Port Capital Limited enters the next phase of its evolution. LMN will work together with the Investment Manager's investment adviser Shore Capital Limited.

LMN was established in 2011 as a capital introducer, investor and corporate finance adviser, working closely with high net worth individuals, family offices and private equity firms in a wide range of industries.  LMN is regulated and authorised by the Financial Conduct Authority and, under its agreement with the Investment Manager, will provide the services of its principal, Jonathan Paisner.  As explained within the Chairman's statement in the Final Results announcement earlier today, the Company intends to increase efforts to accelerate the timing of realisations of portfolio investments and the remit of Jonathan and LMN will be to focus on achieving such realisations.

Prior to setting up LMN, Jonathan was a main board director of Shore Capital Group plc.  At Shore Capital, he acted as group legal counsel, director of the Group’s principal finance and asset management divisions and co-head of the Group’s German office.  He was a key member of the management team, responsible for executing a wide range of transactions in all areas of the Group's activities.  He also sat on numerous boards across a number of jurisdictions covering many sectors including hotels, real estate, hedge funds as well as venture capital and private equity funds.

Jonathan started his career as a solicitor at legacy BLP firm, Berwin Leighton.  As a qualified solicitor, Jonathan continues to advise a small number of clients mainly on international corporate and commercial affairs.

Shore Capital Limited

Shore Capital is a UK investment banking group which specialises in equity capital market activities and alternative asset investing. The Group undertakes a broad range of investment banking services from offices in London, Liverpool, Edinburgh and Berlin. Its Equity Capital Markets division offers a wide range of services for companies, institutional investors and other sophisticated clients, including corporate finance, stockbroking and market-making. Its Asset Management Division manages specialist funds, with a particular focus on real estate and alternative asset classes. Shore Capital also provides investment banking and asset management services to clients in Central and Eastern Europe. In addition, the Group conducts principal finance activities using its own balance sheet.

Shore Capital is the holding company for the Group. The Company’s three principal operating companies are: Shore Capital Stockbrokers Limited, Shore Capital Limited and Shore Capital and Corporate Limited. These three entities are each authorised and regulated by the Financial Services Authority and Shore Capital Stockbrokers Limited is also a member of the London Stock Exchange.

Shore Capital has offices in London, Liverpool, Edinburgh and Berlin, from where it undertakes a broad range of investment banking services focused on two key service lines: Equity Capital Markets and Specialist Fund Management. The Group has also recently formed a strategic alliance with Full Circle Investments, a corporate finance, consulting and private placement firm based in Dubai, to help build Shore Capital’s representation in the region, particularly Abu Dhabi, Saudi Arabia, Kuwait and Bahrain as well as Dubai, where the two companies will seek to marry deals with capital.