Sema Lease UK Limited Lists £10M Secured Note Programme

HAMILTON, Bermuda – 11 September, 2014 – In a filing with the Bermuda Stock Exchange ("BSX"), Sema Lease UK Limited) (the “Company” or "Sema Lease") issued a press release regarding the Listing of the Company’s Note Programme on the BSX. The filing stated:

***        Lesmoir-Gordon, Boyle & Co. Limited ("LGB"), the London corporate finance and investment advisory firm, is pleased to announce that the £10 million secured note programme (the "Programme") of Sema Lease UK Limited ("Sema Lease"), the leading UK provider of short-to-medium term vehicle rentals, has been admitted to the official list of the Bermuda Stock Exchange, effective 8 September 2014.

LGB advised Sema Lease on the structuring and establishment of the Programme in March 2014 and acts as arranger and security trustee in respect of it.  To date, a total nominal amount of £2.2 million of notes has been issued under the Programme. LGB has experienced strong demand for the Programme from its network of sophisticated private investors, family offices and institutions.

The Bermuda Stock Exchange is the world’s largest offshore, fully electronic securities market.  It is a designated investment exchange by the UK Financial Conduct Authority and a recognised stock exchange within the meaning of the Income Tax Act 2007.  The listing of the Programme on the BSX enhances its status through the provision of an approved prospectus and provides a central resource for existing and prospective investors to access information and materials relating to it. 

The listing reflects LGB’s continued strong growth in the provision of innovative debt financing solutions to UK SMEs.  The success of the Programme also highlights the continued disintermediation of major banks and traditional institutional sources of debt finance in the UK.  LGB’s loan note programmes provide important expansion capital to UK SMEs on sensible terms while offering attractive income opportunities to investors.

In 2013 Sema Lease was included in the Daily Telegraph’s 'Hot 1000' list of fastest growing SMEs in the UK.

Richard Ames and Graham Balaam, CEO and Finance Director of Sema Lease commented: “We continue to be pleased with the loan note programme, which gives us flexibility and represents an important alternative source of funding for the development of our business.  It is hoped that the listing of the programme on the Bermuda Stock Exchange will further enhance its attractiveness to investors.  We have worked with LGB since the establishment of the programme in March 2014 and look forward to continuing to work with the team as the programme becomes an increasingly meaningful source of finance for Sema Lease.”

Andrew Boyle, CEO of LGB, commented: “Sema Lease is an established, profitable business with an experienced management team. The company continues to benefit from a buoyant UK car market and increasing trends towards alternative forms of car ownership.  The listing of the loan note programme on a recognised stock exchange is an important development, which we expect to enhance the attractiveness of the loan note programme to investors.”

Professional advisers:

Arranger and security trustee:            LGB

BSX Listing sponsor:   Cohort Limited (Bermuda)

UK taxation advice:    Sidley Austin LLP

For further information, please contact:

LGB

Angus Grierson, Corporate Finance   0207 518 9892

Simone Westerhuis, Investment Advisory     0207 758 9622

Sema Lease

Richard Ames, Chief Executive Officer        01842 764467

Graham Balaam, Finance Director    01842 764467

About Lesmoir-Gordon, Boyle & Co. Limited

LGB provides corporate finance services to growth companies and investment advisory services to high net worth individuals, families and institutions. LGB arranges equity and debt financing transactions and provides M&A advisory services to corporates, management teams and financial sponsors in the lower mid-market.  Through its investment advisory services, LGB establishes properly structured growth company portfolios for family offices and other sophisticated investors.

You can find more information on the company's website www.lgbco.com

About Sema Lease UK Limited

Sema Lease is the UK's leading short-to-medium term car and van rental company. The company was established in 2004 and is owned and managed by veterans of the UK car industry. The company rents vehicles to individuals and corporations, including the major daily rental companies, on fixed term contracts of one to three years. Sema Lease is based in Norfolk.      ***

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