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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Strategic Ret. | LSE:SRR | London | Ordinary Share | GB0033995894 | 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% | 1.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:4246T Strategic Retail PLC 19 December 2003 Strategic Retail plc 19 December 2003 7.00 AM Strategic Retail plc First Day of Dealings on AIM Strategic Retail plc ('Strategic Retail' or 'the Company') announces the admission of its Ordinary Shares to trading on the Alternative Investment Market of the London Stock Exchange ('AIM'). Key Points: * The Company's shares begin trading on AIM today * A total of 13,084,472 Company Ordinary Shares were admitted to trading, giving a market capitalisation at the Placing Price of #11.9m * Strategic Retail was formed in April 2003 as a cash shell to attract companies and businesses which were seeking admission to trading on AIM * The Company raised #1.515m before expenses by way of an offer for subscription which closed on 24 November 2003. To fund the expenses of the acquisition and the admission to AIM the company has raised a further #384,450 before expenses by way of a placing * On 28 November 2003 the Company acquired the entire issued share capital of Fads (Trading) Limited ("Fads"). Fads operates 53 retail outlets in the home decor and furnishings market. * The Company intends to seek further acquisitions in the retail sector * The Company's Nominated Adviser and Broker is W.H. Ireland Limited Ian Currie, Chairman of Strategic Retail, commented: "With the recently acquired Fads we intend to undertake a programme of improvements to the profile and variety of products stocked in its stores. In addition we intend to identify appropriate sites in market towns and central London for new stores to be established as well as identifying other suitable businesses to acquire. Admission of the Company's securities to AIM will now afford us the opportunity to develop the business and start to realise its potential." Enquiries:- Strategic Retail plc: Ian William Currie, Executive Chairman, Tel: 0161 831 1512 W.H. Ireland Ltd. David Youngman, Deputy Chief Executive, Tel: 0161 832 6644 Smith Grundon & Partners. Andrew Smith / James Thurston, 0207 072 8616 The information contained herein is restricted and is not for release or distribution in or into the United States of America, Canada, Australia, the Republic of South Africa, the Republic of Ireland or Japan. This press release has been issued by Strategic Retail plc and is the sole responsibility of Strategic Retail plc and has been approved for the purposes of Section 21 of the Financial Services and Markets Act 2000 by W.H. Ireland Limited ('W.H. Ireland') of 11 St James's Square, Manchester, M2 6WH. W.H. Ireland, which is regulated by the Financial Services Authority, is acting as the nominated adviser for Strategic Retail plc and will not be responsible to any other person for providing the protections afforded to clients by W.H. Ireland or for providing advice regarding the Placing. This document does not constitute an offer or invitation to purchase or subscribe for any securities of Strategic Retail plc and should not be relied on in connection with any decision to purchase or subscribe for any such securities. The securities referred to herein have not been nor will be registered under the United States Securities Act of 1933 (as amended) nor under the securities legislation of any state of the United States of America or of any province or territory of Canada, Australia, the Republic of South Africa, the Republic of Ireland or Japan or in any country, territory or possession where to do so may contravene local securities law or regulations. Accordingly, these securities may not, subject to certain exceptions, be offered or sold directly or indirectly in or into the United States of America, Canada, Australia, the Republic of South Africa, the Republic of Ireland or Japan or to any national, citizen or resident of the United States of America, Canada, Australia, the Republic of South Africa, the Republic of Ireland or Japan. This information is provided by RNS The company news service from the London Stock Exchange END MSCUWRUROKRUAAA
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