openPR Logo
Press release

Equities First Holdings, LLC Repatriates IQE plc Transaction, Returns All Underlying Collateral To Borrower

09-21-2017 10:05 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Equities First Holdings, LLC

/ PR Agency: Star One PR
Equities First Holdings, LLC Repatriates IQE plc Transaction,

EFH Concludes Another Successful Financing Transaction, Returning Collateral Valued at More Than £20 Million.

London, UK -- Equities First Holdings, LLC (EFH), a global lender and a leader in shareholder financing solutions, is pleased to announce that Dr. Drew Nelson, chief executive of IQE plc, has concluded a financing agreement into which he entered with EFH in 2014.

EFH has returned all underlying collateral to Dr. Nelson, which at repatriation are valued at more than £23.5 million, a 780% increase in value from when the transaction was executed in October 2014.

Background on the transaction
On 14 October 2014, IQE notified the AIM market that Dr. Nelson had pledged 18 million shares to EFH in return for a cash loan of £1.865m. The proceeds were used to purchase additional shares of IQE and satisfy tax and National Insurance payable on the exercise of share options. The 18 million shares were worth £23,580,000 at repayment.

"This is exactly what Equities First is here to do for its clients," said EFH Founder and CEO Al Christy, Jr. "By offering market-leading terms at a fair margin and a fixed three-year timeframe, EFH borrowers can access capital against their stock to meet immediate capital needs without forfeiting future economic opportunity. For the past 15 years EFH has delivered these types of opportunities to clients around the globe, and we look forward to continuing to serve our clients in the years to come."

Background on EFH loan structures
EFH is a specialist lender which provides competitive value cash loans to publicly quoted company shareholders collateralised by portions of their holdings. The loan term is typically three years, which allows EFH to manage the position for value over a reasonable time frame. EFH contractually pledges not to lend out or short sell during that time, and all market activities are executed to have no impact on stock price or trading volumes.

When the loan matures and is repaid, EFH returns the shares, allowing the borrower to keep all the upside growth in the share price during the period. The loans are non-recourse, which means that the borrower does not provide security in respect to their other assets.

"Clients in the U.K. and Europe have accessed funding from EFH for a wide range of purposes," said Jeff Smith, Senior Managing Director of Equities First Holdings, LLC. "The key for them is the ability to retain their interest in the underlying shares and full exposure to any upside. EFH has a perfect track record of returning borrower collateral on maturity and repayment, regardless of how much the shares have increased in value."

"On the back of arrangements such as these, EFH has seen attractive growth in the European markets, led through our London office," continued Christy. "As European clients become increasingly familiar with the EFH methodology we expect to see a further increase in the number of transactions we conduct here."

About Equities First Holdings
Since 2002, Equities First Holdings, LLC has provided clients with innovative financing solutions, supplying capital against publicly traded stock to enable clients to meet their personal and professional financial goals. EFH provides capital against shares traded on public exchanges around the world while offering clients competitive loan-to-value rates and low costs of capital. Over the past 5 years, EFH has completed more than 500 transactions and deployed more than $1.4 billion (USD) to clients across the globe.

EFH is a global company with offices in 10 countries, including wholly owned subsidiaries Equities First (London) Limited, Equities First Holdings Hong Kong Limited, Equities First Holdings Singapore Limited, and Equities First Holdings (Australia) Pty Ltd. For more information, visit http://www.equitiesfirst.com.

DISCLAIMER
This release is intended for professional investors use only, and does not constitute an offer, stated or implied, of any type. Equities First Holdings, LLC and all of its subsidiaries work exclusively with individuals classified as Professional or sophisticated investors. The Equities First Holdings platform is not intended for retail investors.

Media Contact:
Brandon Russell
Equities First Holdings, LLC
10 West Market Street, Suite 3050
Indianapolis, IN 46204
+1-317-429-3500
media@equitiesfirst.com
http://www.equitiesfirst.com

Other Enquiries:
info@equitiesfirst.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Equities First Holdings, LLC Repatriates IQE plc Transaction, Returns All Underlying Collateral To Borrower here

News-ID: 730801 • Views: 479

More Releases from Equities First Holdings, LLC

Equities First Holdings, LLC Demonstrates Viability of Securities-Based Lending …
Patience and discipline differentiate EFH from other lenders in the industry. Indianapolis, IN, USA -- Equities First Holdings, LLC (EFH), a provider of alternative shareholder financing, celebrates 15 years of success this month. The vision of founder and CEO Al Christy, Jr., EFH has successfully completed more than 700 transactions and delivered nearly $1 billion USD to clients over the past 4 years. Christy credits his success to hard-won experience, patience,
Equities First (London) Limited -- UK Transaction Update and 15th Anniversary St …
London, UK -- Equities First Holdings, LLC (EFH), a global provider of shareholder financing, confirms it has returned all shares used as collateral as part of a loan agreement with Joel Leonoff, chief executive of Paysafe plc as announced by the company on 24 March, 2017 (Details Here: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PAYS/13170785.html). Mr. Leonoff entered into the loan in March 2014 and has repaid his loan in full. Since establishing its London office in
Equities First Holdings, LLC Develops Transaction with Australian Company Enviro …
Transaction proceeds will be used to fund research and development projects in India. Sydney, Australia and Indianapolis, IN, USA -- Equities First Holdings, LLC (EFH), a provider of alternative shareholder financing, and its Australian subsidiary, Equities First Holdings (Australia) Pty Ltd (EFH/A) are pleased to announce that EFH has entered into a transaction with Environmental Clean Technologies Limited (ECT) to provide funding to be used in the development of major projects
Equities First Holdings Hong Kong Limited Receives Reconfirmation of Hong Kong M …
The Hong Kong Money Lenders License was granted by the Hong Kong Eastern Magistrates Courts. Hong Kong, China -- Equities First Holdings Hong Kong Limited, the Asian subsidiary of Equities First Holdings, LLC (EFH, http://www.equitiesfirst.com) a global securities-based lender and a leader in alternative shareholder financing solutions, has received reconfirmation of its Hong Kong Money Lenders License from the Hong Kong Eastern Magistrates Courts. This license enables EFH to act as a

All 5 Releases


More Releases for EFH

Equities First Holdings, LLC Demonstrates Viability of Securities-Based Lending …
Patience and discipline differentiate EFH from other lenders in the industry. Indianapolis, IN, USA -- Equities First Holdings, LLC (EFH), a provider of alternative shareholder financing, celebrates 15 years of success this month. The vision of founder and CEO Al Christy, Jr., EFH has successfully completed more than 700 transactions and delivered nearly $1 billion USD to clients over the past 4 years. Christy credits his success to hard-won experience, patience,
Equities First (London) Limited -- UK Transaction Update and 15th Anniversary St …
London, UK -- Equities First Holdings, LLC (EFH), a global provider of shareholder financing, confirms it has returned all shares used as collateral as part of a loan agreement with Joel Leonoff, chief executive of Paysafe plc as announced by the company on 24 March, 2017 (Details Here: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PAYS/13170785.html). Mr. Leonoff entered into the loan in March 2014 and has repaid his loan in full. Since establishing its London office in
Autonomous Underwater Vehicles Market: Global Industry Analysis, Size, Share, Gr …
Zion Market Research published new report on 'Autonomous Underwater Vehicles Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024' in it's database Global Autonomous Underwater Vehicles Market: Overview Autonomous Underwater Vehicles (AUVs) is also referred to as unmanned underwater vehicles (UUVs). It is mainly used to carry out underwater survey missions such as mapping and detection of underwater obstructions, rocks, wrecks, and underwater attacks that pose a threat to the
Equities First Holdings, LLC Develops Transaction with Australian Company Enviro …
Transaction proceeds will be used to fund research and development projects in India. Sydney, Australia and Indianapolis, IN, USA -- Equities First Holdings, LLC (EFH), a provider of alternative shareholder financing, and its Australian subsidiary, Equities First Holdings (Australia) Pty Ltd (EFH/A) are pleased to announce that EFH has entered into a transaction with Environmental Clean Technologies Limited (ECT) to provide funding to be used in the development of major projects
Equities First Holdings Hong Kong Limited Receives Reconfirmation of Hong Kong M …
The Hong Kong Money Lenders License was granted by the Hong Kong Eastern Magistrates Courts. Hong Kong, China -- Equities First Holdings Hong Kong Limited, the Asian subsidiary of Equities First Holdings, LLC (EFH, http://www.equitiesfirst.com) a global securities-based lender and a leader in alternative shareholder financing solutions, has received reconfirmation of its Hong Kong Money Lenders License from the Hong Kong Eastern Magistrates Courts. This license enables EFH to act as a
Equities First Holdings Relocates Melbourne Offices
Global Leader in Alternative Lending Strategies Continues to Maintain Three Australian Locations in Melbourne, Sydney and Perth To Accommodate Growing Business. Melbourne, Victoria, AUSTRALIA -- Equities First Holdings LLC (EFH, http://www.equitiesfirst.com), a global lender and a leader in alternative shareholder financing solutions, has relocated the Melbourne office of Equities First Holdings (Australia) Pty Ltd. The new EFH Australia office is located in the heart of Melbourne and will make it more