Personal
Group Holdings plc:
admission to AIM
(Press Release 27th November 2000)
Shares in the employee benefits provider Personal
Group Holdings Plc will be admitted to trading
on AIM on Monday 27 November in an introduction
sponsored by Rowan Dartington & Co. Limited.
The introduction will be accompanied by a placing
of 1.33 million shares of 5p each from certain
institutional investors with employees of the
company and a number of private clients of Rowan
Dartington at an issue price of 75p. With a total
of 30,547,940 shares in issue, the initial market
capitalisation is approximately £23 million.
Key Strengths
The Directors consider the Group to have the following
key strengths:
• Well established business
• Profitable and cash generative
• Consistent claims to premium ratio
• High proportion of repeat and predictable earnings
• Experienced management team
• Strong balance sheet
• Solid growth prospects |