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Gordian Investments (GOR)

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Wednesday 31 August, 2005

Gordian Investments

First Day of Dealings on AIM

Gordian Investments PLC
31 August 2005



Gordian Investments plc


First Day of Dealings on AIM


31 August 2005


FIRST DAY OF DEALINGS IN THE ENLARGED GROUP ON AIM
ACQUISITION OF ALL NEW VIDEO LIMITED


Gordian Investments plc ('Gordian Investments' or the 'Company') is pleased to
announce its re-admission to AIM today following the acquisition of All New
Video Limited ('ANV').


Highlights



  • Gordian Investments has acquired the entire issued share capital of All
    New Video Limited ('ANV'), a managed services company offering live
    multi-party 3G video conferencing, PC to video calling and video mail, for
    an initial consideration of £4 million, payable in cash and consideration
    shares. Further consideration of up to £6 million, to be satisfied by the
    issue of additional consideration shares, is payable subject to certain
    profit and/or share price targets.
  • The initial consideration shares represent approximately 64% of the
    enlarged share capital of the Company and in view of the size of ANV
    relative to the Company, the acquisition constitutes a reverse takeover.
  • New Enlarged Group Board



The following appointments have been made to the Company's Board with effect
from admission of the enlarged group:



•            John Hawkins, Non-Executive Chairman
•            David Atkins, Chief Executive
•            Chris Fairhall, Chief Operating Officer
•            Lee Woodland, Chief Technical Officer
•            Douglas Kearney, Finance Director
•            Hugh de Lusignan, Non-Executive Director



David Barton remains as a Non-Executive Director of the Company. Alan Pereira
and Haresh Kanabar have resigned their positions on the Board with effect from
admission.


Further details of these appointments were given in the admission document
published on 5 August 2005 and in the announcement made by the Company on 5
August 2005.


The Company's nominated adviser and broker is Teather & Greenwood Limited.




For further information:


All New Video plc
David Atkins (Chief Executive Officer)          0870 240 1482
Chris Fairhall (Chief Operating Officer)


Teather & Greenwood Limited
Stephen Austin/ Harry Nicholas                  0207 426 9000


Beattie Financial
Mike Wort/ Jo Clewlow/ Tim Pilgrim              0207 053 6400




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

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