FFW advises Dinkie Heel plc on its £958,000 placing, capital reorganisation and waiver from Rule 9 of the City Code
02 April 2004
FFW acted for Dinkie Heel plc on its £958,000 placing, issue of
warrants, cancellation of loan notes, approval of waiver of
obligations under Rule 9 of the City Code and capital
reorganisation.
The FFW team was led by corporate finance partner Anthony
Brockbank.
Dinkie Heel are engaged in the manufacture and distribution of a
wide range of components for the footwear manufacture and repair
industries and of products for personal protection. On
implementation of the proposals the new directors intend to broaden
the Company's activities to enable it to invest in management
buy-out and management buy-in opportunities with an overall value
below £5 million.
Dinkie Heel intends to use the placing proceeds to repay debts
and provide working capital for the existing business of the
Company and also provide "seed capital" for the new business
activities.
City Financial Associates Limited acted as nominated adviser and
broker to Dinkie Heel.
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Ben Girdlestone, Communications Manager on 020 7861 4968
Louise Eckersley, PR Executive on 020 7861 4120