FFW advises OFEX Holdings plc on a placing to raise up to £3.15 million
22 October 2004
Field Fisher Waterhouse acted for OFEX Holdings plc in relation
to its £3.15 million fundraising on AIM. It is FFW’s 22nd AIM
transaction of the year.
The FFW team was led by corporate finance partner Dominic
Gurney-Champion, assisted by George Cotter.
OFEX Holdings plc operates the OFEX market in the United
Kingdom, providing a secondary equity market for unlisted and
unquoted companies off–exchange. There are currently over 130
companies operating in 27 sectors with their securities traded on
the OFEX market, with a combined market capital of approximately £1
billion.
The company intends to use the proceeds of the placing to
provide working capital now and for the longer term and to finance
the group's marketing expenditure which it intends to use to
develop the group's product, increase its presence in the regions
outside London and the South East, to promote its market more
widely overseas and to enhance the branding of the group's
product.
Numis Securities Limited acted as nominated adviser and broker
to the Company. Simmons & Simmons acted as solicitors to
Numis.
For further press information, please contact:
Ben Girdlestone, Communications Manager, on +44 (0)20
7861 4968
Louise Eckersley, PR Executive, on +44 (0)20 7861 4120