Information  X 
Enter a valid email address

Gordian Investments (GOR)

  Print      Mail a friend

Friday 04 March, 2005

Gordian Investments

First Day of Dealings on AIM

Gordian Investments PLC
04 March 2005

For immediate release                                              4 March 2005

                            GORDIAN INVESTMENTS PLC
                          ('Gordian' or 'the Company')

      First Day of Dealings on the AIM market of the London Stock Exchange

Gordian plc (AIM: GOR), a company established to capitalise on acquisition and
investment opportunities in the technology, media and telecoms sector, is
pleased to announce that its shares have been admitted to AIM today, under the
ticker symbol GOR,  by way of an Introduction.


  • Gordian intends to acquire one or more related trading businesses in the
    technology, media and telecoms sector in the UK or mainland Europe.

  • Gordian has an experienced management team with a track record of
    successfully completing acquisitions. David Barton, Non-Executive Chairman,
    is a chartered accountant with commercial experience in many sectors, while
    Alan Pereira, Finance Director, worked as finance director of the Internet
    Technology Group plc, Keystone plc, e-capital investments plc and ukbetting
    plc. Haresh Kanabar, Non-Executive Director, is Chief Executive of Blue Star

  • On admission, the Company will have net cash assets of £1,175,000.

  • Blue Star Capital, the AIM-traded seed capital company, will hold 24.4 per
    cent of Gordian following flotation; Ruffler Bank, a privately owned
    investment bank, will hold 18.2 per cent; and Ghaliston Limited, an FSA
    regulated corporate finance business, will hold 13.0 per cent.

  • The Company intends to make its first acquisition within 12 months of
    admission to AIM.

  • Teather & Greenwood is the Company's nominated adviser and broker.

Commenting on the flotation, David Barton, Gordian's Chairman, said: 'I am
delighted that Gordian is now a quoted company as it provides us with the ideal
vehicle to implement our strategy of securing high quality acquisitions in the
technology, media and telecoms sector. We believe there are significant
opportunities available to us and look forward to updating shareholders on our
progress in due course.'

                              ADMISSION STATISTICS

Admission Price                                                               5p
Number of Ordinary Shares in issue immediately following Admission    30,700,000
Market capitalisation at the Admission price                          £1,535,000


For further information:

Gordian Investments plc

David Barton, Chairman                                    Tel: 020 7584 9256
Alan Pereira, Finance Director                            Tel: 020 7235 0422
Haresh Kanabar, Non-Executive Director                    Tel: 020 7070 7283

Teather & Greenwood                                       Tel: 020 7426 9000
Stephen Austin
Harry Nicholas

Ghaliston Ltd                                             Tel: 020 7435 7251
Tony Fabrizi

Buchanan Communications                                   Tel: 020 7466 5000
Mark Court
Elly Williamson

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                

a d v e r t i s e m e n t