AIM Admission & Fund Raising

RNS Number:7851R
Straight PLC
07 November 2003

                                  STRAIGHT PLC

                         AIM ADMISSION AND FUND RAISING



Straight plc ('Straight' or the 'Company') announces that the ordinary shares of
the Company have today been admitted to trading on AIM (the "Admission").
Concurrently, the Company has successfully raised #1.5 million before expenses
by way of a placing of 1,903,750 new ordinary shares valuing the Company on
Admission at #5.5 million at the placing price of 80p per share.  The net
proceeds of the Placing will be used for focused development of the business,
specifically:



  * To fund the acquisition of new tooling, both to improve profitability on
    existing products and to allow the development of new products;
  * To invest in hardware and software systems to improve marketing and
    production efficiency.



The Company's activities principally comprise:



  * The supply of container solutions for source separated waste to local
    authorities, waste management companies, community sector organisations and
    private sector businesses; and
  * The supply to end users of a comprehensive range of environmentally
    friendly home and garden products, including compost bins and water butts,
    often through partnerships with local councils and water companies.





Jonathan Straight, Chief Executive of Straight, commented:



"I am delighted at the excellent response to the Straight flotation on AIM. We
now have the resources we need to drive this business forward, delivering best
value to both our customers and our shareholders."



Following the Placing, the Directors' holdings are:

Jonathan Straight       Chief Executive                        70.62%
Colin Glass             Non-executive Finance Director          0.72%
James Newman            Non-executive Chairman                  0.45%
Roger Green             Non-executive Director                  0.25%


The following have a holding in excess of 3%:

ISIS Asset Management Plc                                      10.86%
McDonald Glencross Approved EIS Fund 4C                         4.07%
Brewin Dolphin Securities Ltd                                   3.35%




For further information please contact:

Straight plc
Jonathan Straight/James Newman            0113 245 2244

Durlacher Limited
Matthew Robinson/Katherine Roe            0207 459 3600

Simon Mountford Communications
Simon Mountford                           01347 844844




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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