Axis Intermodal PLC
05 January 2007
5 January 2007
Axis Intermodal plc admitted to the FTSE AIM All-Share Index
Axis Intermodal plc, the UK based European transport equipment contract hire
group, announces that it has now been admitted to the FTSE AIM All-Share Index.
At a meeting held on 6 December 2006, FTSE found that the Company now meets the
free float and liquidity criteria required for companies to be included in the
index.
Robert Montague, Executive Chairman, commented: 'We are delighted to be promoted
to the AIM All-Share. We have recently carried out a restructuring of the
Group's activities and a consolidation under our 'Axis Intermodal' brand.
Inclusion in the AIM All-Share now makes our shares available to a wider pool of
investors at a time when the Group is entering an exciting new phase of growth.'
For further details:
Robert Montague Executive Chairman +44 (0) 1993 883148
JonathanGollins/Marylene Guernier M: Delta +44 (0) 20 7153 1268
Notes to editors:
Axis Intermodal is an equipment contract hire group that services the transport
and logistics industries in the UK and across Europe.
The Group manages over 4,000 transport assets throughout the UK and continental
Europe, specializing in the contract hire of trucks, trailers, rigid units and
intermodal swapbodies. Axis Intermodal trucks are built to the latest
specification by Europe's leading manufacturers, including Volvo, MAN, Mercedes
and DAF.
Rigid 7.5 tonne and 18 tonne vehicles are also supplied, built on major
manufacturers' equipment with customised bodywork to meet the requirements of
all types of end-usage. Trailers are sourced from leading manufacturers in the
UK and Europe with a full range of trailer types available, from chassis to
multi-compartment refrigerated units.
In consultation with its customers, Axis Intermodal structures contracts that
offer flexible and cost-effective packages to satisfy the demanding requirements
of state-of-the art logistics providers. Bespoke contracts are designed to meet
customers' individual needs and include full repair and maintenance,
tyre-management and 24/7 breakdown service.
Axis has over 100 customers in the UK and Europe, including major operators such
as DHL, DFDS, Gefco and the German, French and Swiss postal services.
Axis Intermodal is the first company to enter into a funding and management
agreement in respect of swapbodies with a German KG. This funding structure is
designed to offer tax-efficient investment under German law for retail investors
to invest in a variety of assets. KG's have invested in containers for a number
of years but Axis Intermodal's agreement is the first of its kind involving
swapbodies.
Swapbodies are containers equipped with legs which can be lowered and retracted.
They can be loaded or unloaded by a truck or trailer using a built in hydraulic
system and do not require an external crane. Swapbodies are particularly
advantageous where fast turnaround times are required and bespoke loads are
being delivered to multiple locations.
Axis Intermodal plc was admitted to the AIM market in 2004.
This information is provided by RNS
The company news service from the London Stock Exchange
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