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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Asbisc | LSE:ASB | London | Ordinary Share | CY1000031710 | ORD USD0.20 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 150.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9826K ASBISc Enterprises PLC 25 October 2006 Embargoed for 7.00 hrs 25 October 2006 This document is not a prospectus. Investors should not subscribe for any transferable securities referred to in this document except on the basis of information in the admission document to be issued in due course. THIS DOCUMENT MAY NOT BE DISTRIBUTED IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR TO US PERSONS OR TO RESIDENTS, NATIONALS OR CITIZENS OF CANADA, JAPAN OR AUSTRALIA. ASBISc Enterprises Plc ASBISc Enterprises Plc ("ASBIS" or the "Group"), a leading distributor of computer components in high growth emerging markets in Central and Eastern Europe and the Former Soviet Union, joins AIM ASBIS is pleased to announce the first day of trading of its shares on the AIM market of the London Stock Exchange, under the ticker ASB.L. As previously announced, this AIM listing is intended to provide access to capital for future acquisitions, to further develop the business through the Group's own brands, to incentivise employees by the grant of options and to raise its profile. Seymour Pierce Limited is acting as nominated adviser and broker for the Company in connection with the AIM admission. Siarhei Kostevitch, Chief Executive of ASBIS, said: "Our listing on AIM is an important positive step for the Company, in line with our strategy of further developing our core distribution business alongside our own brand and white label products. We look forward to life as a listed company and to capitalising on the opportunities we see for the business." Enquiries: ASBIS Tel: via Financial Dynamics Siarhei Kostevitch, Chief Executive Officer Marios Christou, Chief Financial Officer Constantinos Tziamalis, Investor Relations Seymour Pierce Ltd David Newton Tel: +44 (0) 20 7107 8000 Financial Dynamics Tel: +44 (0) 20 7269 7280 Richard Mountain Harriet Keen Notes to Editors ASBIS is based in Cyprus and specialises in the distribution of IT components, Blocks and Peripherals and a growing range of own brand IT and digital equipment. Established in 1995, its operations extend to Central and Eastern Europe, the Baltic States, the former Soviet Union, the Middle East and North Africa. In addition to distributing products from IT industry manufacturers, the Group has also developed, and is selling, products via two own brands, Prestigio, which supplies laptops, LCD TVs and monitors, digital media centres, storage devices and subsystems and Canyon which primarily targets retail chains with IT and consumer electronic peripherals and accessories such as networking products, MP3 players, speakers and other products. The Group also offers White Label products to enable its biggest local customers to create their own brand with generic and exclusive designs. Gartner estimates the size of the Eastern European and former Soviet Union market, measured in amounts spent by end customers, was US$11.4 billion in 2005 and it is estimated to rise by 14% to US$13 billion by 2007. IT market growth in the marketplace where the Group operates is estimated by Gartner to be around 7-15 per cent. for the next 3 years, whereas Gartner forecast that growth in Western Europe is expected to be flat or possibly even slightly negative. PC penetration in most of the markets in which the Group trades is much lower than the Western markets, thus providing ongoing potential for growth. This information is provided by RNS The company news service from the London Stock Exchange END MSCILFSDIRLSFIR
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