Diablo group

First Day Dealings on AIM
Diablo Group Plc (“Diablo” or “the Group”) announces the admission of its Ordinary Shares to trading on AIM.



Key Points

Diablo’s shares begin trading on AIM today.


A total of 32,938,000 Ordinary Shares are being admitted to trading, giving a market capitalisation of £3,293,800 at the placing price of 10p per share.


Diablo is an independent record label and media management company.


Diablo has three bands under contract which have achieved recognition in their respective market sectors. It released its first Dive Dive album in 2005 and the other two bands, Twen2y 4 Se7en and Kingskin, are expected to have albums released in the next six months.


The Group’s activities include video production, songwriting and publishing. Currently the larger proportion of revenues are earned from audio and video production and the provision of management services. Development of the recording business is expected to produce further revenues.


The Group intends to generate additional revenues from the marketing and release of singles and albums by other record labels and music management companies and by providing management services.


Diablo’s Nominated Adviser is W.H. Ireland Limited.


Diablo’s Joint Brokers are W.H. Ireland Limited and S.P. Angel & Co Limited.


Robin Davies, Chairman, commented:



“I believe that the current market provides an opportunity for Diablo to maximise revenues and increase industry profile through offering our wide range of products and services. Admission to AIM provides the additional opportunity to further develop the business, and we look forward to the future with confidence. “