FFW completes seven AIM transactions in July
29 July 2004
Underlining its claim of being the fastest-growing AIM practice
in the City, FFW’s public markets team has enjoyed its busiest ever
month, announcing five AIM admissions and two further
transactions for AIM-listed companies in July. The team acted
for:
- TRL Electronics PLC, a specialist defence electronics group
focused on surveillance, monitoring and countermeasures in
satellite and radio communications;
- Kirkland Lake Gold Inc., a Canadian-incorporated mining company
with various gold assets in Ontario, Canada;
- Greystar Resources Limited, a Canadian-incorporated exploration
company whose principal project is the Angostura gold and silver
project in Columbia;
- Meridian Petroleum plc, an exploration and production company
with various oil and gas assets in the USA and Australia; and
- Pavilion Insurance Network PLC, a company offering niche
insurance projects.
Four of the admissions also involved a fundraising, of which TRL
Electronics PLC was the largest, with a placing raising £13 million
and a market capitalisation of £32 million. The largest
company admitted was Kirkland Lake Gold Inc., with a market
capitalisation of £60 million.
FFW also concluded two further transactions for AIM-listed
companies in July. The firm acted for Newmark Security PLC on
the acquisition of Custom Micro Projects Limited and a placing to
raise £1.45 million. It also advised Texas Oil & Gas plc
on its acquisition of various oil and gas interests and a placing
to raise £1.47 million.
Five floats in one month represents something of a triumph for
Field Fisher Waterhouse, which in four years has grown its AIM
practice from almost nothing to acting for over 40 companies and a
significant number of the leading nominated advisers and
brokers. This level of activity also underlines the firm's
claim to be the fastest-growing AIM practice in the City. The firm
has now acted on a total of 17 AIM transactions so far this year,
building on a very successful 2003 in which it topped the AIM and
OFEX Deal Monitor table for AIM deals in the first nine months of
the year.
For further press information please contact:
Ben Girdlestone, Communications Manager on 020 7861 4968
Louise Eckersley, PR Executive on 020 7861 4120