First day of Dealings
October 24 2007 - 4:11AM
UK Regulatory
RNS Number:2536G
Ninety PLC
24 October 2007
Ninety Plc ('Ninety' or the 'Company')
First Day of Dealings on AIM
Ninety Plc, a newly incorporated company that has been established in order to
acquire a controlling interest in a company, partnership or joint venture which
will be located in the UK or Asia, is pleased to announce its flotation on AIM
today.
The Company will focus upon an acquisition target in one of the following
sectors: private healthcare provision, consumer goods manufacture, leisure
operations (including online), media content provision and distribution,
software and retail.
* placing price of 1p per ordinary share;
* based on the above placing price per share, the market capitalisation of
Ninety will be approximately #3.7 million;
* net proceeds of the placing will be approximately #3.0 million for the
Company;
* proceeds will be used to provide the funds needed by the Company to identify
and carry out due diligence on potential acquisitions; and
* this is the second investment company floated by Albany Capital plc and it
retains a controlling interest of approximately 71 per cent.
JMFinn Capital Markets is the Company's nominated adviser and broker.
Contacts and website:
www.ninetyplc.co.uk
Angus Irens, Executive Director
Tel: 020 3178 4506
John McLean, Albany Capital
Tel: 020 3178 4506
Geoff Nash, JMFinn Capital Markets
Tel: 020 7600 1658
This information is provided by RNS
The company news service from the London Stock Exchange
END
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