Punter Southall Law Partners, Martin Finnegan and Peter Bradley, assisted by Alice Payne legal assistant, acted for Majestic Corporation PLC on its initial public offering (IPO) on Aquis Exchange with effect from 10 March 2022. AQUIS is an exchange services group, which operates pan-European cash equities trading and regulated primary markets businesses.
Punter Southall Law acted alongside lead corporate finance advisors Guild Financial Advisory, Kreston Reeves as reporting accountants and LC Lawyers (Hong Kong member firm of the EY Law global network).
Peter Lai, founder and Chairman commented:
“Punter Southall Law provided much more than a legal service, they were instrumental in putting the whole deal together and Martin, Peter and Alice worked tirelessly as critical members of the IPO team in delivering a successful outcome.”
Majestic is a profitable business recycling precious metals and non-ferrous metals from obsolete mechanical and industrial material including catalytic convertors, printed circuit boards, legacy electrical and electronic equipment (WEEE), and industrial metal residues left over from manufacturing.
The growth in Recyclable Materials means that there is both an environmental and commercial need to seek to re-use, recover and recycle these precious metals to lessen the impact of waste on the environment and to keep supply open when new resources are becoming harder and more expensive to develop. This places the Company in a strong position to further develop its market presence and develop the commercial re-use and recycling of these discarded materials.
Majestic’s buy-side operations involve sourcing, collection, and processing Recyclable Material from around the world including the USA, Italy, Mexico, Australia and the UK. Sell-side operations focus on selling to refinery customers based in Japan who reconstitute the Recyclable Material for re-use in manufacturing.