RNS Number:8139A
Libertas Capital Group PLC
14 July 2004

                                                                   14 July 2004


       FIRST DAY OF DEALINGS ON THE ALTERNATIVE INVESTMENT MARKET ('AIM')


Libertas Capital Group plc (AIM: LBR) ("Libertas Capital" or "the Company"), the
financial services firm, is pleased to announce its flotation on the Alternative
Investment Market ("AIM") of the London Stock Exchange today.

*    Libertas Capital, based in the UK,  provides a range of financial services 
     to corporate entities and investment institutions in the UK, Northern
     Europe and the Nordic region and North America.

*    The Company was established to take advantage of the recovery in the equity 
     capital markets and to maximise the opportunities in the small to medium
     sized company  sector.

*    Libertas Capital is focussed on environmental sciences, medical technology 
     and technology (software and services) sectors.  The Company's strategy is 
     to differentiate itself from its competitors and build a niche financial 
     services group which provides corporate advisory, institutional 
     distribution and research services.

*    The Company recently formed as the Group's holding company, has four wholly 
     owned subsidiaries - Libertas Capital Corporate Finance Limited, Libertas
     Capital Securities Limited,  (formerly Equity Growth Research Limited) 
     Libertas Capital Asset Management Limited and Libertas Capital Ventures 
     Limited.  In addition it is the Directors' intention to seek suitable 
     partners to maximise possible opportunities in the Nordic region via 
     Libertas Capital Nordic and in North America via a division to be 
     established in the USA.

*    Libertas Capital Corporate Finance (formerly Libertas Capital Limited)
     traded profitably for the period to 31 December 2003 and has traded 
     profitably since that date.

*    Libertas Capital has an experienced management team led by Jakob Kinde,
     Executive Chairman and Henry Okereke, CEO.

*    The Directors expect that the net proceeds of the placing will be used to 
     expand the existing UK business and develop an international presence
     including the Nordic region.

*    The Directors believe that their past experience, network of contacts and 
     track record of successfully completed transactions with companies in their
     core regions and sectors referred to above will result in a strong flow of
     introductions.

*    Approximately #2.2 million (before expenses) has been raised for Libertas
     Capital via a Placing at the Placing price of 30 pence per Ordinary Share
     (the "Placing Price").

*    On Admission, the market capitalisation at the Placing Price will be
     #10.43 million.

*    Grant Thornton Corporate Finance is the Company's Nominated Adviser.
     Daniel Stewart & Company plc is the Company's Broker.


Commenting on the announcement, Jakob Kinde, Executive Chairman of Libertas
Capital, said:

"This is a very exciting time for Libertas Capital.  We can now drive our
existing operations forward and further develop the business in our chosen areas
following the successful fundraising and flotation on AIM.  Our team has
significant investment banking experience from leading firms and, together with
a strong client-focussed approach; we are adept in meeting the needs of our
clients.  We look forward to advancing Libertas Capital Group plc as a public
company."


PLACING STATISTICS

 Placing Price per Ordinary Share                                                  30p
 Number of new Ordinary Shares being placed by the Company                   7,333,400
 Number of Ordinary Shares in issue on Admission                            34,767,800
 Percentage of enlarged issued share capital subject to the Placing       21 per cent.
 Market capitalisation at the Placing Price on Admission                #10.43 million
 Estimate of gross proceeds of the Placing  receivable by the Company     #2.2 million
 Estimate of net proceeds of the Placing  receivable by the Company      #1.77 million


For further information please contact:

Libertas Capital Group plc                                 +44(0)20 7908 2817
Jakob Kinde, Executive Chairman
Henry Okereke, CEO

Grant Thornton                                             +44(0)20 7383 5100
Graeme Thom/ Andrew Scade

Daniel Stewart                                             +44(0)20 7374 6789
Tom Jenkins/ Alex Davies


Buchanan Communications                                    +44(0)20 7466 5000
Charles Ryland /Mary-Jane Johnson



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

MSCGUUBPMUPCGMW
Libertas Capital (LSE:LBR)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Libertas Capital Charts.
Libertas Capital (LSE:LBR)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Libertas Capital Charts.