Atlantic Alliance Partnership Corp. ("AAPC") announced its agreement to acquire TLA on May 3, 2016. AAPC's Capital Markets Advisor in connection with the transaction is Citigroup Global Markets Inc., and AAPC's acquisition of TLA is expected to close in the fall of 2016. TLA will delist from the AIM on the London Stock Exchange following the transaction, and the combined company will trade on the NASDAQ stock exchange under the ticker TLA. TLA will be the only publicly-traded sports representation agency in the world.
For more information, visit www.tlaworldwide.com.
About TLA Worldwide
TLA Worldwide is a leading athlete representation, event management and sports marketing group quoted on AIM-LSE in London. The Group derives revenues from long-term agency relationships with many prominent U.S. and international sports stars, broadcasters and media personalities associated with major sports including the MLB, NFL, NBA, PGA tour, AFL and Olympians and Cricketers. In addition, it also provides a range of services in respect of media consultancy, sports sponsorship and event creation and ownership, including the International Champions Cup tournament in Australia. With over 170 full-time personnel, TLA Worldwide serves its clients from 10 locations worldwide including its offices in London, UK; New York, Newport Beach and California, USA; Melbourne, Perth, Adelaide and Sydney, Australia. For more information, please visit www.tlaworldwide.com.
AAPC is a blank check company incorporated in the British Virgin Islands on January 14, 2015 for the purpose of conducting a business combination led by its sponsors and Jonathan Goodwin, Chief Executive Officer of AAPC. As of December 31, 2015, AAPC had $80.8 million of capital in trust which includes the net proceeds raised in its initial public offering on May 4, 2015. AAPC's ordinary shares are listed on the Nasdaq Capital Market ("NASDAQ") under ticker AACP.
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SOURCE TLA Worldwide plc