Millfield Group PLC
1 March 2001
MILLFIELD GROUP PLC ANNOUNCES
SUCCESSFUL PLACING AND ADMISSION TO AIM
The independent financial advisory company, Millfield Group plc ('Millfield'),
is pleased to announce it has successfully raised £18.5 million (£16.5 million
net of expenses) through a Placing of 15,706,800 Ordinary Shares at 118p,
valuing Millfield at £55.6 million. Shares begin trading today, 1 March 2001,
on the Alternative Investment Market (AIM).
Paul Tebbutt, Chief Executive of Millfield, said:
'The interest shown in Millfield during the Placing was extremely positive.
Millfield is a fast growing, national independent financial advisory company.
As a young company, it does not suffer from pension mis-selling issues.
Therefore the business has been able to focus on providing quality of service
to customers and embracing technological solutions to maximise the full
potential of the business. There are increasing opportunities for properly
funded, structured IFAs and I am confident that the considerable industry
experience of the Millfield team will enable us to become recognised as a
national IFA provider.'
KPMG Corporate Finance is the Nominated Adviser to the Company and the shares
were placed by Collins Stewart Limited, Millfield's Broker.
Ends
For further information or photographs, please contact:
Emma Kane, Chief Executive Tel: 020 7955 1410
Redleaf Communications Mob: 07768 012924
Paul Tebbutt, Chief Executive Tel: 020 8680 5200
Millfield Group plc
Richard Clarke Tel: 020 7311 8455
KPMG Corporate Finance
Kripa Radhakrishnan Tel: 020 7522 9977
Collins Stewart Limited
This announcement has been approved by Collins Stewart Limited solely for the
purposes of section 57 of the Financial Services Act 1986. Collins Stewart
Limited, which is regulated by The Securities and Futures Authority Limited,
is acting for the Company and for no other person and will not be responsible
to any person other than the Company for providing the protections afforded to
customers of Collins Stewart Limited.
KPMG Corporate Finance, a division of KPMG which is authorised by The
Institute of Chartered Accountants in England and Wales to carry on investment
business, is acting exclusively for Millfield Group plc and no one else in
connection with the Admission to AIM and will not be responsible to anyone
other than Millfield Group plc for providing the protections afforded to
clients of KPMG Corporate Finance nor for providing advice in relation to the
Admission or in relation to the contents of this document or any transaction
or arrangement referred to in it.
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