ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

ADW Addworth

0.375
0.00 (0.00%)
28 May 2024 - Closed
Delayed by 15 minutes
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

Investment in Alpha Prospects

23/01/2008 7:30am

UK Regulatory


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

1 Year Addworth Chart

1 Year Addworth Chart

1 Month Addworth Chart

1 Month Addworth Chart

Your Recent History

Delayed Upgrade Clock