24 July 2006
24th July 2006
24th July 2006
Starvest Plc increases stake in Addworth Plc
Addworth Plc, the AIM 'active capital' investor, announces that on 20th July
2006 Starvest Plc acquired a further 2,670,000 shares in the Company. That
purchase increased its stake in the Company to 10,670,000 shares, representing
16.41% of the Addworth Plc equity.
For further information
Addworth Plc 020 7638 8750
Mark Watson-Mitchell, Executive Chairman www.addworth.co.uk
Notes to Editors
Addworth (ADW), is as an 'active capital investor'. Its focus is upon the growth
of capital value and the generation of fee income from: establishing and funding
newly quoted companies on both the AIM and OFEX markets; acquiring and
developing companies with growth potential; and taking minority equity positions
in undervalued smaller listed companies.
Starvest (SVE), since January 2002, the business of Starvest has been to invest
in small company new issues and to trade in pre-IPO stocks. The business is
managed by Bruce Rowan, Chairman and CEO.
During the last four and a half years, Bruce Rowan has taken Starvest from being
a dot.com heading for liquidation with a mere £400,000 of cash to a successful
investment business with a declared portfolio value net of borrowings of £17.7m.
Allowing for new cash raised, the total return during this period has been over
This information is provided by RNS
The company news service from the London Stock Exchange