Sanderson Group PLC
17 December 2004
SANDERSON GROUP PLC
Sanderson Group plc ('Sanderson' or the 'Company'), whose principal business is
the provision of software and IT services to commercial markets in the UK and
Ireland, is pleased to announce that at the close of business on 16 December
2004, being the first day of dealings in its shares on the Alternative
Investment Market, the shares closed at 54.25p, compared with the issue price of
50p.
At the issue price, the Company has raised new money of £6.0 million (before
expenses). On Admission, the market capitalisation at the issue price was
approximately £20.2 million.
Arden Partners Limited is acting as nominated adviser and broker to the Company.
Key Statistics
Number of Sale Shares placed on behalf of Selling
Shareholders 16,000,000
Number of New Ordinary Shares placed on behalf of the
Company 11,721,000
Total number of Ordinary Shares placed 27,721,000
Issue price 50p
Number of Ordinary Shares in issue immediately following
Admission 40,438,482
Percentage of the Enlarged Share Capital placed 68.6%
Market capitalisation at the Issue Price £20.2 million
Gross proceeds of the Placing and Employee Offer receivable
by the Company £6.0 million
Estimated proceeds, after expenses, of the Placing and
Employee Offer receivable by the Company £5.1 million
Further information:
Christopher Winn, Executive Chairman - 02476 284325
David O'Byrne, Managing Director - 01709 787787
Andrew Raca, Corporate Finance Director - 0121 423 8944
Arden Partners
End
December 17th, 2004
This information is provided by RNS
The company news service from the London Stock Exchange
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