9th Mar 2006 07:01
Hampson Industries PLC09 March 2006 HAMPSON INDUSTRIES PLC 9 March 2003 Hampson Industries promoted to FTSE SmallCap Index Hampson Industries PLC is pleased to announce that it has been promoted to theFTSE SmallCap Index from the FTSE Fledgling. The group's market capitalisationhas risen by 81%, from £81m in October 2005 to £147m currently. A total of£32.5m was raised in new equity to fund the acquisitions of Coast Composites andLamsco West in November 2005, both in the US. Kim Ward, CEO said "Our recent acquisitions have been successfully integratedwith the group and are already exceeding our expectations on all fronts. TheEclipse Very Light Jet project has now moved into production phase and will putus on track for significant further growth going forward. I am also pleased toreport that construction of our new, state-of-art manufacturing facility inIndia is progressing rapidly. Today's promotion to the FTSE SmallCap Index is anendorsement of the success of our growth strategy and now makes our sharesavailable to a wider pool of investors. We are committing to buildingsustainable value for all our stakeholders, both present and future. " Hampson Industries PLC is an international group serving the global aerospace,precision automotive and specialist engineering markets. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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