How it works

SalvOcean offers subsea consultancy, high value salvage programme planning and project management services on behalf of third-party clients. These services include full assessment and remediation of existing environmental damage or potential consequences of subsea activity. 

Listing SalvOcean on Aquis
It is expected that the majority of these contracts will yield sizeable management fees as well as operational success bonuses, with the majority of the latter being earmarked for reinvestment or  distribution to shareholders.

  • SalvOcean will raise £300,000 at Pre-IPO (Q1 2024) at a share price of £0.025p

  • At IPO (Q2/Q3 2024)  SalvOcean will look to raise a further £400,000 with a target price of £0.036p. EIS approval is being sought

  • Use of Funds: To provide working capital to provide for operational and marketing costs, secure pending current 3rd party contracts and cover the cost of the Aquis Listing.

SalvOcean PLC, capturing specifically the consultancy and project management skills of its experienced operations team will list on the Aquis Growth Market. 

This will provide SalvOcean with a publicly tradeable vehicle, capable of attracting funding whilst it seeks to both safeguard and grow the business. 

Equally, if not more importantly the listing will provide through a cross border agreement a trading facility on New York’s OTC market, where the Boards of both can promote both SalvOcean PLC and its US subsidiary SalvOcean LLC to US investors to attract further funding for the costly business of salvaging targeted wrecks. 

This trading facility will be subject to meeting all the requirements of the OTC and receiving approval from the exchange. When appropriate, it is intended to list the subsidiary on the US NASDAQ market.

Dynamics of a Successful Recovery

Given the unique nature of where SalvOcean’s expertise lies, the company is able to advise and operate at every single stage of the salvage lifecycle from project formation through to recovery and distribution.

Appointed Advisors

Aquis Corporate Adviser

Reporting Accountant

Legal Advisors