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Shore Capital Completes its Fifth Placing of 2004
2004-04-06
Shore Capital Completes Its Fifth Share Placing of 2004
Shore Capital Markets is pleased to announce that it has today completed its fifth share placing of 2004. The latest transaction is a placing of £5.2m for Pilat Media Global plc ("Pilat Media"), of which £3.5m is new equity and the balance, the sale of shares on behalf of its founders. The placing was at 55 pence per share. Shore Capital floated Pilat Media on AIM in March 2002 at 20 pence per share, and over the last two years the Company has been a strong performer, winning new clients and moving into profit.
The other four placings were for Telford Homes, BNB Resources, Camaxys, all AIM companies, and DocPharma, a EuroNext listed company. In total, Shore Capital has conducted placings raising £26m in the first quarter of 2004.
Simon Fine, managing director of Shore Capital Markets, commented: "It's nice to report another success: it shows that there is institutional demand and a good market for quality small companies . From our perspective, these five transactions show how smoothly we have integrated our expanded research and sales team into Shore Capital."
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Shore Capital Stockbrokers Limited is a member of the London Stock Exchange and is regulated by the Financial Services Authority ("FSA").
Shore Capital Limited and Shore Capital and Corporate Limited are regulated by the FSA.
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