{"id":741,"date":"2017-12-21T07:35:06","date_gmt":"2017-12-21T07:35:06","guid":{"rendered":"https:\/\/crowdforangels.com\/blog\/?p=741"},"modified":"2019-11-14T17:34:58","modified_gmt":"2019-11-14T17:34:58","slug":"leg-invests-in-crowd-for-angels","status":"publish","type":"post","link":"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/","title":{"rendered":"Acquisition of Legendary Investments Stake in Crowd Funding Platform and Issue of Equity"},"content":{"rendered":"

\"\"<\/a><\/p>\n

21 December 2017<\/p>\n

Legendary Investments PLC
\n(“Legendary” or the “Company”)<\/strong><\/p>\n

Acquisition of Stake in Crowd Funding Platform and Issue of Equity<\/strong><\/p>\n

Legendary<\/a> is pleased to announce that it has entered into an agreement to acquire 9.7% of Crowd for Angels (UK) Limited (\u201cCfA\u201d) at a post money valuation for CfA of \u00a33.7 million. CfA owns and operates the \u201cCrowd for Angels\u201d crowdfunding platform. The 9.7% stake will be paid for through the issuance to CfA of 248,275,862 Legendary ordinary shares of 0.1 pence nominal value each (\u201cLeg Shares\u201d) which equates to 0.145 pence per Leg Share. The closing price on 19 December 2017 of Leg Shares was 0.14 pence per Leg Share.<\/p>\n

CfA has been at the forefront of crowdfunding since its launch in 2014. It was among the first crowdfunding platforms to become FCA regulated, one of the first to be approved by HMRC to manage the Innovative Finance ISA (IF-ISA) and is the first crowd funding platform to be launching its own Liquid Crypto Bond with attached crypto tokens through an Initial Coin Offering (\u201cLiquid Crypto Bond\u201d). See https:\/\/crowdforangels.com\/company\/plc\/Crowd-for-Angels-UK-Limited-1031<\/a><\/p>\n

Since its Launch, CfA has completed 9 fundraisings and helped raise over \u00a33 million for investee companies. With the imminent launch of its \u00a350 million Liquid Crypto Bond, CfA is now entering a new and exciting phase of its development. For the year ended 30 June 2017, CfA had losses of \u00a3192, 986.<\/p>\n

Tony De Nazareth, Founder and Director of CfA, said:<\/strong><\/p>\n

\u201cCrowd for Angels is very pleased to welcome Legendary Investments on board as a strategic investor in the business. Moving into the New Year we are excited about the plans we have for the company. We will be focussing on raising the money for our unique Liquid Crypto Bond, along with continuing to help a range of growth businesses to raise the funds they need for expansion.\u201d<\/p>\n

Zafar Karim, Executive Chairman of Legendary, said:<\/strong><\/p>\n

\u201cWe are delighted to be investing in Crowd for Angels. The platform has been at the forefront of its sector and continues to be so with the launch of its \u00a350 million Liquid Crypto Bond. We expect to work with Crowd for Angels by sharing ideas and opportunities, and look forward to helping Crowd for Angels reach its potential.<\/p>\n

\u201cLegendary was the first outside investor in the successful tech company, Virtual Stock Holdings Limited. With its recent investment in IBS Corporation Limited, Legendary has a stake in a banking services platform and now, with the investment in Crowd for Angels, Legendary has a stake in a fintech platform. Technology, finance and its confluence, fintech are exciting sectors that will and are moulding the future.\u201d<\/p>\n

– ENDS \u2013<\/strong><\/p>\n\n\n\n\n\n
Legendary Investments PLC<\/td>\nZafar Karim \/ Thomas Reuner<\/td>\n020 8201 3536<\/td>\n<\/tr>\n
Grant Thornton UK LLP<\/td>\nColin Aaronson \/ Harrison Clarke<\/td>\n020 7383 5100<\/td>\n<\/tr>\n
Beaufort Securities Limited<\/td>\nElliot Hance<\/td>\n020 7382 8300<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596\/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.<\/p>\n

About Crowd for Angels<\/strong><\/p>\n

Crowd for Angels (UK) Limited (\u201cCfA\u201d) is an FCA authorised crowdfunding platform for both debt and equity funding. Launched in January 2014, CfA has developed a sophisticated platform and successfully raised several million pounds for companies via a mix of equity and debt pitches.<\/p>\n

CfA helps companies connect with thousands of investors and raise the funds they need. CfA investors get the opportunity to invest in shares in a tax efficient manner through the use of SEIS\/EIS tax relief and through crowd bonds which can be held within the tax free Innovative Finance ISA (IF-ISA) wrapper.<\/p>\n

CfA\u2019s long-term aim is to be one of the biggest crowdfunding platforms in the UK and in Europe as well as internationally.<\/p>\n

About Legendary Investments PLC<\/strong><\/p>\n

Legendary Investments PLC is a proactive investment company that focuses on making investments in and assisting companies which exhibit the potential to generate returns of many multiples through capital appreciation.\u00a0 Typically, Legendary invests in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth. Examples of such sectors include technology, energy and natural resources.<\/p>\n","protected":false},"excerpt":{"rendered":"

21 December 2017 Legendary Investments PLC (“Legendary” or the “Company”) Acquisition of Stake in Crowd Funding Platform and Issue of Equity Legendary is pleased to announce that it has entered into an agreement to acquire 9.7% of Crowd for Angels (UK) Limited (\u201cCfA\u201d) at a post money valuation for CfA of \u00a33.7 million. CfA owns […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[256,258,8,257,23,197],"yoast_head":"\nLegendary Investments invests in Crowd for Angels<\/title>\n<meta name=\"description\" content=\"Legendary Investments announced that it has entered into an agreement to acquire 9.7% of Crowd for Angels (UK) Limited (\u201cCfA\u201d).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Legendary Investments invests in Crowd for Angels\" \/>\n<meta property=\"og:description\" content=\"Legendary Investments announced that it has entered into an agreement to acquire 9.7% of Crowd for Angels (UK) Limited (\u201cCfA\u201d).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/\" \/>\n<meta property=\"og:site_name\" content=\"Crowd for Angels | Blog\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-21T07:35:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-14T17:34:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2017\/12\/leginvest-header-logo-retina-768x134.png\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Richard Gill\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/crowdforangels.com\/blog\/#organization\",\"name\":\"Crowd for Angels\",\"url\":\"https:\/\/crowdforangels.com\/blog\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/crowdforangels.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2019\/06\/logo_cfa-square-.png\",\"contentUrl\":\"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2019\/06\/logo_cfa-square-.png\",\"width\":600,\"height\":600,\"caption\":\"Crowd for Angels\"},\"image\":{\"@id\":\"https:\/\/crowdforangels.com\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/crowdforangels.com\/blog\/#website\",\"url\":\"https:\/\/crowdforangels.com\/blog\/\",\"name\":\"Crowd for Angels | Blog\",\"description\":\"Crowd for Angels Blog & Articles\",\"publisher\":{\"@id\":\"https:\/\/crowdforangels.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/crowdforangels.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/#primaryimage\",\"url\":\"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2017\/12\/leginvest-header-logo-retina.png\",\"contentUrl\":\"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2017\/12\/leginvest-header-logo-retina.png\",\"width\":858,\"height\":150,\"caption\":\"Legendary Investments logo\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/#webpage\",\"url\":\"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/\",\"name\":\"Legendary Investments invests in Crowd for Angels\",\"isPartOf\":{\"@id\":\"https:\/\/crowdforangels.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/#primaryimage\"},\"datePublished\":\"2017-12-21T07:35:06+00:00\",\"dateModified\":\"2019-11-14T17:34:58+00:00\",\"description\":\"Legendary Investments announced that it has entered into an agreement to acquire 9.7% of Crowd for Angels (UK) Limited (\u201cCfA\u201d).\",\"breadcrumb\":{\"@id\":\"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/crowdforangels.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Acquisition of Legendary Investments Stake in Crowd Funding Platform and Issue of Equity\"}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/#webpage\"},\"author\":{\"@id\":\"https:\/\/crowdforangels.com\/blog\/#\/schema\/person\/e699780a53069f45116f67f7e5ecd00a\"},\"headline\":\"Acquisition of Legendary Investments Stake in Crowd Funding Platform and Issue of Equity\",\"datePublished\":\"2017-12-21T07:35:06+00:00\",\"dateModified\":\"2019-11-14T17:34:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/#webpage\"},\"wordCount\":692,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/crowdforangels.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2017\/12\/leginvest-header-logo-retina-768x134.png\",\"keywords\":[\"Acquisition\",\"Acquisition of Stake\",\"Crowd for Angels\",\"Crowd Funding Platform\",\"Equity\",\"Investments\"],\"articleSection\":[\"Crowd for Angels News\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/#respond\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/crowdforangels.com\/blog\/#\/schema\/person\/e699780a53069f45116f67f7e5ecd00a\",\"name\":\"Richard Gill\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/crowdforangels.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/16c9cc19bd7eb5ac06420d79a22232f8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/16c9cc19bd7eb5ac06420d79a22232f8?s=96&d=mm&r=g\",\"caption\":\"Richard Gill\"},\"sameAs\":[\"http:\/\/crowdforangels.com\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Legendary Investments invests in Crowd for Angels","description":"Legendary Investments announced that it has entered into an agreement to acquire 9.7% of Crowd for Angels (UK) Limited (\u201cCfA\u201d).","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/","og_locale":"en_GB","og_type":"article","og_title":"Legendary Investments invests in Crowd for Angels","og_description":"Legendary Investments announced that it has entered into an agreement to acquire 9.7% of Crowd for Angels (UK) Limited (\u201cCfA\u201d).","og_url":"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/","og_site_name":"Crowd for Angels | Blog","article_published_time":"2017-12-21T07:35:06+00:00","article_modified_time":"2019-11-14T17:34:58+00:00","og_image":[{"url":"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2017\/12\/leginvest-header-logo-retina-768x134.png"}],"twitter_card":"summary","twitter_misc":{"Written by":"Richard Gill","Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Organization","@id":"https:\/\/crowdforangels.com\/blog\/#organization","name":"Crowd for Angels","url":"https:\/\/crowdforangels.com\/blog\/","sameAs":[],"logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/crowdforangels.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2019\/06\/logo_cfa-square-.png","contentUrl":"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2019\/06\/logo_cfa-square-.png","width":600,"height":600,"caption":"Crowd for Angels"},"image":{"@id":"https:\/\/crowdforangels.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"WebSite","@id":"https:\/\/crowdforangels.com\/blog\/#website","url":"https:\/\/crowdforangels.com\/blog\/","name":"Crowd for Angels | Blog","description":"Crowd for Angels Blog & Articles","publisher":{"@id":"https:\/\/crowdforangels.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/crowdforangels.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/#primaryimage","url":"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2017\/12\/leginvest-header-logo-retina.png","contentUrl":"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2017\/12\/leginvest-header-logo-retina.png","width":858,"height":150,"caption":"Legendary Investments logo"},{"@type":"WebPage","@id":"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/#webpage","url":"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/","name":"Legendary Investments invests in Crowd for Angels","isPartOf":{"@id":"https:\/\/crowdforangels.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/#primaryimage"},"datePublished":"2017-12-21T07:35:06+00:00","dateModified":"2019-11-14T17:34:58+00:00","description":"Legendary Investments announced that it has entered into an agreement to acquire 9.7% of Crowd for Angels (UK) Limited (\u201cCfA\u201d).","breadcrumb":{"@id":"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/crowdforangels.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Acquisition of Legendary Investments Stake in Crowd Funding Platform and Issue of Equity"}]},{"@type":"Article","@id":"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/#article","isPartOf":{"@id":"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/#webpage"},"author":{"@id":"https:\/\/crowdforangels.com\/blog\/#\/schema\/person\/e699780a53069f45116f67f7e5ecd00a"},"headline":"Acquisition of Legendary Investments Stake in Crowd Funding Platform and Issue of Equity","datePublished":"2017-12-21T07:35:06+00:00","dateModified":"2019-11-14T17:34:58+00:00","mainEntityOfPage":{"@id":"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/#webpage"},"wordCount":692,"commentCount":0,"publisher":{"@id":"https:\/\/crowdforangels.com\/blog\/#organization"},"image":{"@id":"https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/#primaryimage"},"thumbnailUrl":"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2017\/12\/leginvest-header-logo-retina-768x134.png","keywords":["Acquisition","Acquisition of Stake","Crowd for Angels","Crowd Funding Platform","Equity","Investments"],"articleSection":["Crowd for Angels News"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/crowdforangels.com\/blog\/leg-invests-in-crowd-for-angels\/#respond"]}]},{"@type":"Person","@id":"https:\/\/crowdforangels.com\/blog\/#\/schema\/person\/e699780a53069f45116f67f7e5ecd00a","name":"Richard Gill","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/crowdforangels.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/16c9cc19bd7eb5ac06420d79a22232f8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/16c9cc19bd7eb5ac06420d79a22232f8?s=96&d=mm&r=g","caption":"Richard Gill"},"sameAs":["http:\/\/crowdforangels.com"]}]}},"_links":{"self":[{"href":"https:\/\/crowdforangels.com\/blog\/wp-json\/wp\/v2\/posts\/741"}],"collection":[{"href":"https:\/\/crowdforangels.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdforangels.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdforangels.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdforangels.com\/blog\/wp-json\/wp\/v2\/comments?post=741"}],"version-history":[{"count":8,"href":"https:\/\/crowdforangels.com\/blog\/wp-json\/wp\/v2\/posts\/741\/revisions"}],"predecessor-version":[{"id":1226,"href":"https:\/\/crowdforangels.com\/blog\/wp-json\/wp\/v2\/posts\/741\/revisions\/1226"}],"wp:attachment":[{"href":"https:\/\/crowdforangels.com\/blog\/wp-json\/wp\/v2\/media?parent=741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdforangels.com\/blog\/wp-json\/wp\/v2\/categories?post=741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdforangels.com\/blog\/wp-json\/wp\/v2\/tags?post=741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}