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Meon Capital:::: Cash Shell

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Creator jonwig Created 26 Nov 2005 Posts 30 Last Post 18 years ago
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A cash shell listed on AIM with net cash of 6.22p/sh at the last balance sheet date.

Net cash, £1.089m, no of shares in issue 17.5m (30 June 2005)

From the admissions RNS:

Dealings commence today (Monday, 16 February 2004) on the Alternative Investment
Market ('AIM') in Meon Capital plc, a new cash shell, which has been formed by
David Massie, Graham Ashley, Edmund Barber, Robin Davies and Stephen Davies.

In the quoted sector, Meon Capital intends to invest in situations where the
Directors believe that the company's current market capitalisation does not
reflect its true underlying value and where the Directors believe that they can
be pro-active in facilitating change and unlocking a higher value for
shareholders.

In the unquoted sector, the Directors intend to focus on identifying and
acquiring or investing in businesses in which the Directors believe significant
prospects for growth exist. These businesses are likely to be in sectors such as
general industries, consumer goods, non-financials or services.

First (only?) deal now made; company will be renamed Dermasalve, or similar.
Website:

http://www.dermasalvesciences.com/