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NINE Ninety

67.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ninety LSE:NINE London Ordinary Share GB00B3CX3F30 ORD 6P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 67.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

First day of Dealings

24/10/2007 9:11am

UK Regulatory


RNS Number:2536G
Ninety PLC
24 October 2007


                    Ninety Plc ('Ninety' or the 'Company')

                        First Day of Dealings on AIM


Ninety Plc, a newly incorporated company that has been established in order to
acquire a controlling interest in a company, partnership or joint venture which
will be located in the UK or Asia, is pleased to announce its flotation on AIM
today.

The Company will focus upon an acquisition target in one of the following
sectors: private healthcare provision, consumer goods manufacture, leisure
operations (including online), media content provision and distribution,
software and retail.

* placing price of 1p per ordinary share;

* based on the above placing price per share, the market capitalisation of
  Ninety will be approximately #3.7 million;

* net proceeds of the placing will be approximately #3.0 million for the
  Company;

* proceeds will be used to provide the funds needed by the Company to identify
  and carry out due diligence on potential acquisitions; and

* this is the second investment company floated by Albany Capital plc and it
  retains a controlling interest of approximately 71 per cent.

JMFinn Capital Markets is the Company's nominated adviser and broker.

Contacts and website:

www.ninetyplc.co.uk

Angus Irens, Executive Director
Tel: 020 3178 4506

John McLean, Albany Capital
Tel: 020 3178 4506

Geoff Nash, JMFinn Capital Markets
Tel: 020 7600 1658


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

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