Equities First Holdings Thrives: UK Transaction Update and 15th Anniversary Statistics
Equities First Holdings is a company that was established in the year 2012. The company is an advisory and an investment that provides people with a broad range of financial solutions and possibilities. Over and above this function, it also offers margin loans and shareholder financing services to help people meet both personal and financial goals against seemingly traded stock. Since its inception, it has become one of the leading global shareholder finance. Equities First Holdings, during the course of its existence, has made long term strategic partnerships with popular investment banks, leading international law firms and even the world’s largest custodian banks.
Initially, Equities First Holdings was known as Meridian Equity Partners Limited. Then, the latter, it was acquired by the former, and the name was changed. Lawyers from a global law firm, Morgan Lewis, helped with the transaction. The operation was led by Mr. Chris Harrison alongside William Yonge who gave constant regulatory advice. Those that provided corporate advice were associates namely Vinay Varma, Sergey Kvitkin and partner Iain Wright. To add to the team, Katerina Heal and Kate Habershon gave the tax advice.
With the new and grand acquisition, the company’s president said that 2014 has been a year of expansion and consolidation for Equities first Holdings. This acquisition is transformational for the firm and also adds a further five offices to serve clients in Asia, Europe, Australia and the United States of America, bringing the brand to a whole new, global level. This was one of the company's crucial steps to take, and it eventually paid off.
Equities First Holdings is now based in London, in the United Kingdom. Since its birth, the company has completed many transactions, over seven hundred to be precise and straightforward. Due to this, it expanded its offices to other parts of the world such as China, the United States of America and Australia. All this was in a bid to meet and serve the growing client population. Some of these branch companies have started to thrive on their own and are becoming independent.
According to a press released on May 2, 2017, Equities First Holdings confirmed the return of all shares used as collateral to another company, Paysafe Group PLC. All this was in fulfillment of a loan agreement that Equities First Holdings had entered with Mr. Joel Leonoff, the chief executive of Paysafe Group PLC. Mr. Leonoff has repaid the loan in full, since March 2014 when the agreement was made.
According to that particular transaction update as stated and released on March 24, 2017, Joel Leonoff signed very strict instructions to pay back in whole, and from his available capital the remaining amount under the loan agreement between him and Equities First Holdings. According to the update release, the repayment would take place on 19 April 2017. Then, within five business days of that date, all the shares held as collateral by Equities First Holdings would be returned thereby terminating the agreement.
According to the loan agreement, the total number of shares withheld by Equities First Holdings during the three-year fixed duration was 1,500,000, each worth 0.01 pence. Then following the full repayment, Joel Leonoff would continue to acquire an interest in a total of 9,768,580 ordinary shares, inclusive of the 1,500,000 reimbursed to him.
“Following the repayment as dictated by the Agreement, Mr. Leonoff will continue to have an interest in a total of 9,768,580 Ordinary Shares, which comprises the 1,500,000 Ordinary shares referred to above. This represents approximately 2.02 per cent of the issued share capital of the company.”
Equities First Holdings has provided so many investors with shareholder loans since 2013 when it established its London office. The Paysafe Group PLC transaction is just but the second public repatriation of shares. The very first one was by Andrew Newland, the CEO of the Angle PLC company. This first agreement was terminated and officially announced on 27 October 2016. The loan agreement commenced on 12 November 2014 where Mr. Newland purchased a total of 1,350,000 ordinary shares each worth 57 pence.
Once the agreement was terminated, Mr. Newland’s beneficial interest in the company was reverted: “The Agreement has now terminated, and Mr. Newlands legal and beneficial interest in the Company reverts to the same level as it was prior to the Agreement, being 7,054,686 Ordinary Shares, now representing 9.43 per cent of the Company's issued share capital.”
On its books, Equities First Holdings has a list of other ongoing loan transactions and agreements. Discussions also continue with other promising customers throughout Europe and in the United Kingdom. Even the company’s CEO Al Christy, Jr. expressed her satisfaction with the company’s progress: “We are very pleased with the progress made by our London office. It is spearheading our commitment of US $100m aimed at further investment for lending to the European Professional market at large.”
Meanwhile, one of Equities First Holdings parent company, the one based in the United States of America, announced its 15th anniversary. This company takes pride in the many transactions it has undertaken and successfully completed since its birth. It also boasts of delivering more than US$1 billion to customers in the possible minimum duration of the past four years. The offices established in the United States of America now add up to nine. Others have been established in the Far East, and as well as various parts of Europe; making it very extensive.
The company is widely expanding because it makes use of an investment model which understands the organic, natural cycles in the business market. During one of her speeches about the success of the company, the following were CEO’s words: “Securities-based lending is a long-standing financial tool used by individuals, companies, and governments every single day. But very few large commercial banks and financial institutions can provide non-recourse features or loans with a small cost of funds. We have a very successful track record because we live and breathe equities-based lending every day.”
The company is regulated and authorized by the Financial Conduct Authority of the United Kingdom. Its register number is 605564. The company’s transactions are non-recourse. The loan borrower or receiver gets to keep all of the upside market. Moreover, according to most recent annual return submitted on June 27, 2017, there are currently five active directors and no secretaries.
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