LONDON, May 23, 2019 – Baker Botts, a leading technology and energy law firm, is acting on the launch of Scotland’s First Stock Exchange in fifty years. Advising on the new stock exchange – dubbed Project Heather – is David Ramm, a corporate technology partner who joined Baker Botts in September 2018. 

“The social stock exchange model has gained real momentum across the globe, and we are delighted to be working on a new exchange that puts investing for social impact at its core,” said David Ramm, London based Corporate Technology Partner at Baker Botts.

Project Heather recently secured Scottish government backing for a £750,000 Regional Selective Assistance grant, which provides for up to 45 high-skilled jobs in Edinburgh, where the exchange will be headquartered.

Tomás Carruthers initiated Project Heather as a platform to progress the social finance vision he developed whilst CEO of the Social Stock Exchange. Project Heather, subject to regulatory approval from the UK’s Financial Conduct Authority, is targeting a launch in the second half of 2019.

Since joining Baker Botts last year, David Ramm has additionally advised on a number of Technology sector transactions including: 

• The sale of UK based FinTech company, Flex-e-Card Limited to Australian listed EML Payments Limited
  
  
• The additional investment by the Founders of Global Processing Services and UK based private equity house Dunedin in GPS, the global payments processor and tech powerhouse
  
  
• The sale of The Oak Group, an NHS software and service provider, to Canadian listed VitalHub
  
  
• The venture financing of Serac Life Sciences Limited

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