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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Addworth | LSE:ADW | London | Ordinary Share | GB00B05KLT09 | ORD 0.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.375 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:3218M Addworth PLC 23 January 2008 23 January 2008 Addworth Plc ("Addworth" or the "Company") Investment in Alpha Prospects Plc Addworth, the AIM listed 'active capital investor' announces that it has taken a 6.07% investment in Alpha Prospects Plc ("Alpha Prospects"), which was formed to acquire and invest in companies in the independent travel sector with a focus on the online market. Alpha Prospects commenced trading on the PLUS-quoted market on Friday, 18 January 2008. Alpha Prospects raised £731,910 ahead of its PLUS-listing, facilitated by Early Equity Plc in which Addworth has a 30.43% stake. Trading began at a price of 3p per share giving Alpha Prospects a market capitalisation of £2.47 million. Alpha Prospects intends to develop its business via selective acquisitions and subsequent organic growth in order to create sustainable capital value for shareholders. The Board of Alpha Prospects is comprised of: Chairman, Steven Freudmann, a current director and former Chairman of the Association of British Travel Agents; Chief Executive Officer, Christopher Foster, a former executive director of Chase Corporation plc, and; Non-Executive Director, Rob Painting, a director of GSH Group plc, Addworth plc and Early Equity plc. While Alpha Prospects currently has not yet made an investment, the directors of Alpha Prospects have identified several potential investments that they consider worthy of further investigation. -Ends- For further information: Addworth Plc Tel: 020 7638 8750 Mark Watson-Mitchell, Executive Chairman www.addworth.co.uk Nabarro Wells & Co. Limited Tel: 020 7710 7420 Hugh Oram Notes to Editors Addworth Plc (AIM: ADW), which gained admission to AIM on 3 February 2005, was formed primarily to act as an 'active capital investor'. The focus is upon the growth of capital value and the generation of fee income from: establishing and funding newly quoted sector focused companies; acquiring and developing companies with growth potential; and taking minority equity positions in undervalued smaller listed companies. -------------------------- This information is provided by RNS The company news service from the London Stock Exchange END MSCUUSNRWSRAUAR
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