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Deep Sea World (C): November 1996

Subject

Economics, Entrepreneurship

Publication Year

1999

Abstract

Phil Crane, co-founder of Deep Sea World, was preparing for the company's flotation on the Alternative Investment Market (AIM) in London. Discussions with the company's financial advisers had, however, apparently reached a deadlock. The problem was a share option scheme put in place at the time of a previous restructuring, allowing Phil additional shares in the company's capital if the company met certain financial targets. A.C. Grierson, the company's sponsor for the flotation, did not believe that they would be able to proceed with the transaction with the option in place; Phil, on the other hand, had fought hard for the option in the first place and did not see why he should give it up now.

Topic List

Entrepreneurship, Venture Capital, Finance, Valuation, Opportunity Assessment

Industry

Tourism

Publication Event Date

1998

LBS Case Number

CS-98-009-02

Location

Edinburgh - UK

Publication Organisation Size

Start-up

Project Funder

ESRC (ROPA)

Publication Research Centre

Entrepreneurship

Available on ECCH

No


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