RNS Number:4856E
Centurion Electronics PLC
29 November 2002





                           Centurion Electronics plc
                    Placing and Admission to Trading on AIM


Centurion Electronics plc ("Centurion" or the "Company"), a UK market leader in
the field of in-car audio-visual entertainment, is today pleased to announce the
admission of its Ordinary Shares to trading on the Alternative Investment Market
(AIM) of the London Stock Exchange Plc.

Centurion, founded in 1993, focuses on the conception, design, marketing and
distribution of in-car audio-visual products comprising DVD and video systems
with the latest TFT LCD monitors, giving high picture quality and functionality.
A professional range, branded Centurion(TM), comprises screens mounted in
headrests or in the car roof and is supplied to motor manufacturers such as
Mazda, Alfa Romeo and Fiat, whilst the Plug & Play(TM) retail range is a portable
system designed to plug into a vehicle's lighter socket and is available from
leading multiple retailers such as Halfords, Dixons, Currys and Argos as well as
franchise motor dealer groups including Pendragon.


Admission Statistics


Issue price                                                                                        30 pence
Number of new ordinary shares being placed                                                        7,667,000
Gross proceeds of the placing receivable by the Company                                        #2.3 million
Proportion of enlarged issued share capital subject to the placing                                    36.5%
Number of ordinary shares in issue at admission                                                  21,000,000
Market capitalisation at admission at the placing price                                        #6.3 million


Steven Cunningham, Chairman of Centurion, commented "We are delighted to begin
trading on AIM.   To have raised #2.3 million in these market conditions is an
added endorsement of Centurion and its strategy for product development and
expansion in the UK and Europe.  Going forward, the increased profile given by
an AIM listing will help us to maximise our visibility among both current and
potential customers."



For further information please contact:


Steven Cunningham, Chairman, Centurion Electronics, Tel: 01707 330550
email: steven@ceplc.net

Lindsay Mair/John Prior, Corporate Synergy, Tel: 020 7626 2244,
email: lmair@corporatesynergy.co.uk

Melissa Hubbard/Rosie Brown, Tavistock Communications, Tel: 020 7600 2288
email: rbrown@tavistock.co.uk


This information is derived from and should be read in conjunction with the full
text of the prospectus dated 21 November 2002



 


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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