Huveaux PLC
17 December 2001
17 December 2001
HUVEAUX PLC
Huveaux PLC, now trading on the
Alternative Investment Market
Huveaux PLC, the newly established media and publishing company, successfully
listed on the Alternative Investment Market (AIM) today, Monday 17 December
2001. The Company is trading under the ticker symbol 'HVX'.
John van Kuffeler, Chairman of Huveaux PLC, said:
'We are extremely pleased to have successfully listed on AIM and to have
raised new money in such volatile market conditions. We very much look forward
to capitalising on Huveaux's status as a public company to develop the
business in the years ahead.'
* Huveaux has successfully placed, inter alia upon admission, 6,438,000
new Ordinary shares with institutional and private investors at 33p per
share. In addition, the directors have subscribed £750,000 for a further
4,015,151 shares. The total amount raised for the Company is £2.87
million, gross of expenses.
* The placing has been organised by Brewin Dolphin Securities Ltd.
* Huveaux will have an initial market capitalisation of £3.45 million.
* The Company has been formed with the objective of building a broadly
based media and related services group by means of acquisition and organic
growth.
* The Company intends to make acquisitions in the UK in the publishing,
creative production and other specialist media sectors.
* Brewin Dolphin Securities Ltd has been appointed Nominated Adviser, and
Bell Lawrie White (a division of Brewin Dolphin Securities Ltd) appointed
Broker, of Huveaux. Beaumont Cornish Limited acted as Financial Adviser on
the placing and subscription.
For further information, please contact:
John van Kuffeler, Huveaux plc 020 7861 3232
Jonathon Brill/Charlotte Lambkin, Bell Pottinger Financial 020 7861 3865
Roland Cornish, Beaumont Cornish 020 7628 3396
Frank Malcolm, Brewin Dolphin 0131 529 0311
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