Dealings Notice
Access Intelligence PLC
01 December 2003
Access Intelligence plc
1 December 2003
7.00 AM
Access Intelligence plc
First Day of Dealings on AIM
Access Intelligence plc ('Access Intelligence' 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 begin trading on AIM today
• A total of 28,253,378 Access Intelligence Ordinary Shares were admitted
to trading, giving a market capitalisation at the Placing Price of £10.5m
• The Company was formed as a cash shell to attract companies and
businesses which are seeking admission to trading on AIM.
• In assessing potential acquisitions and investment opportunities, the
Directors have focused on small businesses which have the capability to grow
rapidly, have good management teams and now require funds to achieve that
growth. The Directors' believe that the business of Access Intelligence fulfils
these criteria.
• The businesses of Access Intelligence include; The Marketing Guild
Limited, Wired Gov Limited and Backup and Running plc.
• The Marketing Guild is a subscription based business which offers
practical marketing advice aimed at small businesses. There are currently around
700 subscribers.
• The Wired Gov is a subscription based business providing its
subscribers with immediate access via its website to press releases from
government and other public sector organisations. The website now has over 5,000
registered users.
• Backup and Running provides disaster recovery software to small and
medium sized businesses.
• Following the Placing, the Group will have net cash of approximately
£800,000
• The Company's Nominated Adviser and Broker is W.H. Ireland Limited
Ian Savage, Non-executive Chairman of Company, commented:
'The portfolio of services will facilitate cross-selling opportunities whereby
greater value can be offered to the customer whilst at the same time income can
be increased. We believe that a subscription based model can provide a
foundation for expansion by means of recurring annual revenues and we will look
for other suitable companies to join Access Intelligence to expand the services
available to customers.'
Enquiries:-
Access Intelligence plc. Brendan Austin, Chief Executive, Tel: 01904 520820
W.H. Ireland Ltd. David Youngman, Deputy Chief Executive, Tel: 0161 832 6644
Beattie Financial. Brian Coleman-Smith / Ursula Durman Tel: 020 7398 3300
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 Access Intelligence plc and is the sole
responsibility of Access Intelligence 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 Access Intelligence 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 Access Intelligence 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 of
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