Acquisition of VOR Financial

RNS Number : 3810Q

Fiske PLC

08 April 2009

 



Fiske Plc ('Fiske' or 'the Company')

Acquisition of VOR Financial Strategy Limited

Fiske Plc (the 'Company') is pleased to announce that it has purchased the entire share capital of VOR Financial Strategy Limited, the London based investment advisors and consultants specialising in international fixed interest securities and equities, with  funds under management of £20m. 

The initial consideration for the acquisition was £210,000, with a further adjustment to take account of the net cash assets. The initial consideration comprised of £160,000 of cash with the additional £50,000 being raised via the issue of 85,470 Ordinary Shares of 25 pence each, at an issue price of 58.5 pence per share.

Application has been made for admission of the new shares to trading on AIM, with admission expected to take place on 16 April 2009.

As a result of this transaction, the Company's issued share capital consists of 8,435,205 ordinary shares with a nominal value of £0.25 each, with voting rights. The Company does not hold any Ordinary Shares in Treasury.

For further information please contact:

  • Gerry Beaney, Grant Thornton UK LLP (Nominated Adviser)

     (tel: [phone])

  • Gerard Luchini, Fiske Plc - Compliance Officer

     (tel: [phone])

 

END

 

 

ACQILFIESAITIIA