Acquisition
April 08 2005 - 2:00AM
UK Regulatory
RNS Number:8027K
Addworth PLC
08 April 2005
addworthplc
126 Aldersgate Street
London
EC1A 4JQ
Tel: 020 7638 8750
Fax: 020 7638 8747
8th April 2005
Addworth Plc
Addworth takes stake in Ricmore Plc
Addworth Plc, the recently AIM floated 'active capital' investor, has today
announced that following recent purchases it has acquired 1,200,000 shares in
the AIM quoted Ricmore Plc, the internet and technology related services sector
company which floated on 30th March 2005. The stake represents 5.47% of
Ricmore's equity.
For further information
Addworth Plc 020 7638 8750
Mark Watson-Mitchell, Executive Chairman
Robin Abeyesinhe, Finance Director www.addworth.co.uk
Notes to Editors
Addworth (ADW), which gained admission to AIM on 3rd 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.
Ricmore (RMR), is a newly incorporated company that has been established as a
vehicle to invest in or acquire assets, businesses or companies in the internet
and technology related services sector in the UK.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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