Launch of cash shell
April 08 2004 - 10:41AM
UK Regulatory
RNS Number:5227X
Griffin Group PLC
08 April 2004
For Immediate Release 8 April 2004
Griffin Group plc
("Griffin" or the "Company")
The Board of Griffin, the UK and US based investment banking business, announces
that Griffin intends to launch an AIM-traded cash shell, which will be
substantially owned by Griffin, to be named Orientrose 1 plc ("Orientrose"). The
Directors expect that Orientrose will have up to #150,000 (after expenses) on
Admission and in due course Orientrose will make a reverse acquisition or
substantial investment. The Directors expect that Griffin will be able to
introduce to Orientrose a number of potential acquisitions or investment
opportunities through its investment banking activities.
A further announcement will be made in due course.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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