Welcome to Spearhavoc Finans A/S

About Us

Residential Property and Conversion Experts

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Spearhavoc Finans A/S is a Special Purpose Vehicle (SPV) with the sole purpose of providing collateralized financing to Spearhavoc Invest Aps via a secured corporate bond offering.

Spearhavoc Invest Aps is a Danish property owner and developer specializing in rental residential property and in converting commercial and retail properties into rental residential use in Denmark.

Spearhavoc Finans A/S is 100% owned by Spearhavoc Invest Aps. 

Properties Owned:

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Nykoebingvej 42,  4460 Snertinge

Caprivej 7, 2300 Copenhagen S

Sankelmarksgade 13, 9000 Aalborg*

Oerbaekvej 883, 5883 Fjerritslev

Oerkildsgade 3, 5700 Svendborg

Gravensgade 3, 9000 Aalborg*

Kong Hans Gade 1, 9000 Aalborg*

Algade 47, 4760 Vordingborg


*some of these properties are in the process of being sold or substituted after development - see company description and development news for more details.

3% Secured 2027 Corporate Bond Listed on NASDAQ FIRST NORTH, COPENHAGEN

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The Bond offered is a designated “3% Secured 2027 Corporate Bond”. The Bond may be subscribed for a maximum total of DKK 80,000,000 (apprx £9.4m) and is issued under a corporate resolution adopted by the Board of The Issuer on 12th December 2016 to issue up to DKK 80,000,000 of bonds. 

The Bond is a secured instrument paying an annual coupon of 3%, with quarterly pro rata disbursement. 

 As of  June 1st 2017, a total of 4 investors have committed a total of DKK 25,000,000 (approximately GBP 3,000,000) and it is planned that the relevant Bonds will be subscribed for and issued prior to Admission. These bondholders are corporate professional investment entities, 3 Danish and 1 British. As at 01/12/17 DKK 10 million (apprx £1.2m)  was taken up of the pre-allocation with DKK 15 million (apprx £1.8m) remaining.    

The Bond is principally marketed to professional fund managers, professionally qualified investors, high net worth investors and professionally run family offices domiciled in Denmark and the UK. The minimum initial subscription is DKK 800,000 (approximately £100,000) being 100 units of the Bond at DKK 8,000 (approximately £1,000) per unit. Additionally, the Board may at their discretion allow smaller investments to be made, but this discretion may only be exercised in respect of a maximum of 100 bondholders.  

The Bonds are available for investment through Kapitalpension, Ratepension, ISA, SIPPS and SSAS tax wrappers as well as direct monies. 

The full Bond Issue Document can be found by clicking the Company Description link in the investor news section. 

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Management

Lars H Steffensen

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Mr Lars H. Steffensen is the Managing Director and a Board Member of Spearhavoc Finans and as well as a Director and General Manager of eCommodities PLC, the United Kingdom based Mining and Clean Tech Conglomerate.


Lars is the former Chief Executive Officer, Managing Partner and Managing Director of the Ebullio Group.

Lars has 32 years of experience in the commodity industry joining Entores (Metals Brokers) Ltd., London in 1986 and has since then worked for various household names in the metals and commodity industry (Gerald Metals, Philipp & Lion, Axel Johnson Resources, Copenhagen Ore & Metals and Next Energy) in London, Hong Kong, Lugano, Copenhagen, New York and Newport Beach, CA. 


Lars has been involved with investment property since 1988, where he bought his first buy-to-let property on Vesterbro in Aalborg, Denmark 


Along the way, Lars has found the time to be educated in Law and Theology at the University of Aarhus, Denmark and one day Lars really needs to find the time to graduate.


Lars has previously held a US NFA/CFTC series 3 and 30 license and has also previously held UK FCA CF10, CF11, CF3, CF30 and CF4 licenses.


Lars has dedicated much time in his life to charity work, mainly involving the Danish and British Armed Forces and is currently Vice-Chairman of The Anders Lassen VC Society, which benefits the British 22 Special Air Service Regiment (SAS), the Danish Jaegerkorps (Paratroop Regiment) and the Danish Naval Special Operations Forces.


Lars has also for many years been an Ambassador for the British Fly Navy Heritage Trust.


Should you wish to join Lars in supporting these great causes, please see:

www.badcitycrew.com


https://en.wikipedia.org/wiki/Anders_Lassen


https://www.totalgiving.co.uk/charity/the-ben-bathurst-memorial-trust


http://www.anderslassenfonden.dk/


https://www.navywings.org.uk/


https://issuu.com/glenncoombsshelleys/docs/flight_deck

Alex Willson

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Mr Alex Willson is the Chairman of the Board  of Spearhavoc Finans and the principal of Iris Rock Investments, a major investment vehicle with shareholdings in mining and property.


Alex has a strong track record and proven success in many early stage, entrepreneurial businesses during a 30 year career.


Alex has served on the boards of many regulated entities with listed subsidiaries and has an impeccable regulatory record.


Alex harnesses sound strategic vision and couples this focus with an in depth operational understanding. 


Time after time this application of reasoned, evidence based processes has helped him achieve targeted outcomes in the face of incomplete information.


Alex has impeccable risk management skills and a clear understanding of how best to capture idiosyncratic return 

Our Partners

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Keswick Global

City Ejendoms- & Administrationskontor

Advokat Morten Hemmingsen  

Beierholm Statsautoriserede Revisorer

Spearhavoc Invest

Long Ship Capital Partners

Scramasax Limited


Bankers:


Danske Bank

Prinsensgade 11

DK-9000 Aalborg

Denmark

     

SPEARHAVOC FINANS A/S

 

IBAN: DK9530000012399049

 

BIC/SWIFT: DABADKKK

News

Advisors and Official Press Release

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Certified Adviser:


Keswick Global AG


info@keswickglobal.com


+43 1 740 408045


Official Press Release

Investor News

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News related to the Spearhavoc Finans 2027 Bond listed on Nasdaq First North, Copenhagen, will appear here:


 

July 2019 


Spearhavoc Finans is pleased to announce that the seventh quarterly coupon payment on the Spearhavoc Finans 3 % 2027 bond will be paid on 15/07/2019 via Danske Bank and the funds will be  in the investors' account the same day.


We continue to provide secure, property backed income for our investors and thank you all for your support.


 

April 2019 


Spearhavoc Finans is pleased to announce that the sixth quarterly coupon payment on the Spearhavoc Finans 3 % 2027 bond will be paid on 15/04/2019 via Danske Bank and the funds will be  in the investors' account the same day.


We continue to provide secure, property backed income for our investors and thank you all for your support.


January 2019


Spearhavoc Finans is pleased to announce that the fifth quarterly coupon payment on the Spearhavoc Finans 3 % 2027 bond will be paid on 15/01/2019 via Danske Bank and the funds will be  in the investors' account the same day.


We continue to provide secure, property backed income for our investors and thank you all for your support.



October 2018.


Spearhavoc Finans is pleased to announce that the fourth quarterly coupon payment on the Spearhavoc Finans 3 % 2027 bond will be paid on 15/10/2018 via Payment-in-Kind bonds via Danske Bank  and the bonds will be  in the investors' account the same day.


We continue to provide secure, property backed income for our investors and thank you all for your support.


Please kindly note that it was unanimously decided that the Spearhavoc Bond coupon payment was to be made as Payment-in-Kind (see https://www.investopedia.com/terms/p/paymentinkind.asp).


September 2018.


26/09/18.


We are pleased to announce that Mr Lars H Steffensen has joined the board of Spearhavoc Finans A/S.


For Mr Steffensen's bio, see the management  section of this website.


Mr Steffensen replaces Morten Hemmingsen and Hening Borttfeldt and we thank Morten and Henning for their hard work and service.


July 2018.


31/07/18.


The Board of Spearhavoc Finans A/S hereby announces, that the Spearhavoc Finans A/S 3 % 2027 Secured Bond will be delisted from trading on

August 24th 2018

in agreement with Nasdaq First North and in accordance with the announcement of  June 20th 2018.


Copenhagen 31. Juli 2018


Spearhavoc Finans A/S


The Board


June 2018.


20/06/18.


Decision to delist the Spearhavoc  3 % 2017 Secured Bond from trading.


At a Board Meeting today, June 20th 2018, it was decided to initiate steps to delist the Spearhavoc 3 % 2027 Secured Bond as soon as possible due to disapointing demand. 

The Board will immediately contact Nasdaq First North regarding this matter, hereunder immediate suspension of the Bond from trading, until delisting is completed.

Copenhagen, 20th June 2018

Spearhavoc Finans A/S

The Board of Directors


18/06/18.


The Audited Annual Accounts for 2017 has been released to the market - please see:


http://inpublic.globenewswire.com/releaseDetails.faces?rId=2200018


May 2018.


31/05/18 - Spearhavoc Finans A/S is pleased to announce that the audited accounts for the period to 31 December 2017 will be published on Friday June 15th 2018.


Due to the recent publicity in Boersen, the announcement of the correction to the Company Description and the recent overhaul of the Management (as previously announced to the Market) and in order for the new Management to have their input  on the accounts, this date has been agreed with our auditors, Beierholm Statautoriserede Revisorer A/S.


It is the new Management’s wish that the accounts be as thorough and transparent as possible and the account release date of June 15th2018 ensures that.


Spearhavoc Finans A/S is 100 pct owned by Spearhavoc Invest Aps, the Danish property owner and developer specializing in rental residential property and in converting commercial and retail properties into rental residential use in Denmark.


Spearhavoc owns properties and has on-going projects in Jutland, on Funen and on Zealand, Denmark.


We are pleased to announce that Mr Alex Willson has joined the board of Spearhavoc Finans A/S.


For Mr Willson’s bio, see the management  section of this website.


Mr Willson replaces Henrik Christiansen and we thank Henrik for his hard work and service.


April 2018.


Spearhavoc Finans is pleased to announce that the second quarterly coupon payment on the Nasdaq listed 3 % 2027 bond has been paid via Payment-in-Kind bonds via Danske Bank (see https://www.danskebank.dk/en-dk/Personal/Pages/personal.aspx) on 16/04/2018 and the bonds were in the investors' account the same day.


We continue to provide secure, property backed income for our investors and thank you all for your support.


Please kindly note that it was unanimously decided that the Spearhavoc Bond coupon payment for Q1 2018 due April 16th 2018 was to be made as Payment-in-Kind (see https://www.investopedia.com/terms/p/paymentinkind.asp).


81.25 pct of the bond is owned by Spearhavoc Finans A/S itself and the balance by a Danish Family Office and entities associated with Spearhavoc outside Denmark and the decision to make PIK payment was made in order to save fees and cut the administrative burden until the full bond has been placed to 3rd parties.


The bonds allocated to the other Danish Entities in the prospectus has yet to be taken up.


March 2018.


We are pleased to announce that Mr Henning Bortfeldt has been appointed Managing Director of Spearhavoc Finans A/S. Henning's Bio can be found in the Management section above.


Henning replaces Mr Bo McCormick, who has left his role with us to pursue other opportunities. We thank Bo very much for his hard work and instrumental efforts in securing the successful listing of the Spearhavoc Bond on Nasdaq, Copenhagen.


January 2018.


Spearhavoc Finans is pleased to announce that the first quarterly coupon payment on the Nasdaq listed 3 % 2027 bond has been paid via VP (https://www.vp.dk/en) on 15/01/2018 and was in the investors' account the same day.


We continue to provide secure, property backed income for our investors and thank you all for your support.


November 2017.


The Spearhavoc Finans 2027 Management team are delighted to announce the official listing date of Monday 6th November 2017.


The Spearhavoc bond will trade on Nasdaq First North Bond Market Copenhagen

ISIN number DK 00030404611


Full bios of the management team can be found on the website.


Please kin

Spearhavoc Company Description

Current Development News

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The conversion of the 2 retails units at Sankelmarksgade 13, Aalborg, is proceeding according to plan . 1 shop is almost converted to a 1 bedroom flat (we are just awaiting the new windows, which are in keeping with the rest of the building) and the other is about to commence the facade work as pictured in this news item.


The work has now been completed and in accordance with our strategy as described in our bond description, part of the property has been sold off and we are in the process of selling the balance of the Sankelmarksgade 13 portfolio.


This is part of our ongoing adjustment of the portfolio and in accordance with our stated strategy of buying retail or commercial property and  converting it to residential.


Our portfolio is always a work in progress, but the properties that we substitute in, will after conversion always have the same or better rental income as the properties sold, thereby assuring that our overall rental income to support the bond remains the same or is higher.


We will from time to time update the portfolio, but as none of this normal part of our business is not material to the bond, it will not form part of our announcements to the Nasdaq Exchange.


In any event, residential is considered a better quality and safer rental income than commercial.


Future Development News

Spearhavoc is pleased to announce that we are currently developing a project, which will see us build 12 units of sheltered accomodation (Danish: aeldreboliger) in conjunction with our development property on Oerbaekvej in Fjerritslev. The existing building will be converted into a Caretaker's residence and communal facilities.

The development will be world-class and encompass all the latest innovations in the field.

Property Acquisitions

Spearhavoc is constantly on the lookout for old Pharmacies and mixed retail/residential  properties (old Brugsens/Grocery Stores with Uddeler/Koebmandsboliger attached) near major cities (Eg Copenhagen, Aarhus, Odense, Aalborg, Kolding, Silkeborg, Esbjerg and Skanderborg + others


If you are interested in selling any of the above, we are cash buyers and can move quickly, so please contact Bo McCormick (see Management Profiles for contact details).

Drop us a line!

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Spearhavoc Finans A/S

Gothersgade 21, København, Hovedstaden 1123, Denmark

For further information mail to info@spearhavocfinans.com.

Hours

Monday - Friday: 9am - 5pm

Saturday: By appointment

Sunday: Closed