Reed Smith has advised daVictus plc, a Jersey company, in relation to the admission of its shares to the standard segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange’s main market for listed securities which was announced to the market today (Friday 29 January 2016).daVictus, which is only one of 15 companies with a standard listing on the Official List and the main market, is a special purpose acquisition vehicle formed to undertake one or more acquisitions of businesses which operate in or own Australian, European and/or North American food and beverage eatery franchises in South East Asia and/or the Far East.

The admission involved the issue of 10 million new ordinary shares, which raised approximately £1 million for the company. Going forward the company will now seek to identify an appropriate acquisition opportunity for the funds raised.

daVictus was advised by a team led by Reed Smith relationship partner, Matthew Gorman (Singapore), partner, James Wilkinson (London) and associate, Fiona McFarlane (London).