First Day of Dealings
Wynnstay Group PLC
24 May 2004
Wynnstay Group Plc
24 May 2004
Wynnstay Group Plc - First Day of Dealings on AIM
Wynnstay Group Plc ('Wynnstay' or 'the Company') announces the admission of its
Ordinary Shares to trading on the Alternative Investment Market of the London
Stock Exchange ('AIM').
Key Points
• The Company's shares began trading on AIM today
• A total of 8,679,584 Wynnstay Ordinary Shares were admitted to trading,
giving a market capitalisation at the Placing Price of £16,491,209.
• Wynnstay is a broadly based agricultural supply business trading in Wales,
the Welsh Border Counties, the Midlands and Staffordshire. It operates
through its three trading divisions, Feeds, Arable and Stores and has
interests in two associate companies and three joint ventures.
• Following the Placing, the Group will have total available cash of
approximately £1.087 million.
• The Company's Nominated Adviser and Broker is W.H. Ireland Limited
Bernard Harris, the Company's Managing Director, commented 'We have ambitious
growth plans for the Group over the next five years and I am very excited by the
opportunities that lie ahead of us. We believe we are well placed to grow both
organically and by acquisition and look forward to the future with confidence.'
Enquiries:-
Wynnstay Group Plc. Bernard Harris, Managing Director, Tel: 01691 828512
W.H. Ireland Ltd. David W. Youngman, Deputy Chief Executive, Tel: 0161 832 6644
The information contained herein is restricted and is not for release or
distribution in or into the United States of America, Canada, Australia, the
Republic of South Africa, the Republic of Ireland or Japan.
This press release has been issued by Wynnstay Group Plc and is the sole
responsibility of Wynnstay Group Plc and has been approved for the purposes of
Section 21 of the Financial Services and Markets Act 2000 by W.H. Ireland
Limited ('W.H. Ireland') of 11 St James's Square, Manchester, M2 6WH. W.H.
Ireland, which is regulated by the Financial Services Authority, is acting as
the nominated adviser for Wynnstay Group Plc and will not be responsible to any
other person for providing the protections afforded to clients by W.H. Ireland
or for providing advice regarding the Placing.
This document does not constitute an offer or invitation to purchase or
subscribe for any securities of Wynnstay Group Plc and should not be relied on
in connection with any decision to purchase or subscribe for any such
securities. The securities referred to herein have not been nor will be
registered under the United States Securities Act of 1933 (as amended) nor under
the securities legislation of any state of the United States of America or any
province or territory of Canada, Australia, the Republic of South Africa, the
Republic of Ireland or Japan or in any country, territory or possession where to
do so may contravene local securities law or regulations. Accordingly, these
securities may not, subject to certain exceptions, be offered or sold directly
or indirectly in or into the United States of America, Canada, Australia, the
Republic of South Africa, the Republic of Ireland or Japan or to any national,
citizen or resident of the United States of America, Canada, Australia, the
Republic of South Africa, the Republic of Ireland or Japan.
This information is provided by RNS
The company news service from the London Stock Exchange