24th Oct 2007 08:11
Ninety PLC24 October 2007 Ninety Plc ('Ninety' or the 'Company') First Day of Dealings on AIM Ninety Plc, a newly incorporated company that has been established in order toacquire a controlling interest in a company, partnership or joint venture whichwill be located in the UK or Asia, is pleased to announce its flotation on AIMtoday. The Company will focus upon an acquisition target in one of the followingsectors: private healthcare provision, consumer goods manufacture, leisureoperations (including online), media content provision and distribution,software and retail. • placing price of 1p per ordinary share; • based on the above placing price per share, the market capitalisation of Ninety will be approximately £3.7 million; • net proceeds of the placing will be approximately £3.0 million for the Company; • proceeds will be used to provide the funds needed by the Company to identify and carry out due diligence on potential acquisitions; and • this is the second investment company floated by Albany Capital plc and it retains a controlling interest of approximately 71 per cent. JMFinn Capital Markets is the Company's nominated adviser and broker. Contacts and website: www.ninetyplc.co.uk Angus Irens, Executive DirectorTel: 020 3178 4506 John McLean, Albany CapitalTel: 020 3178 4506 Geoff Nash, JMFinn Capital MarketsTel: 020 7600 1658 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Sorbic International