FFW completes 10th admission to AIM of the year
21 October 2004
Field Fisher Waterhouse acted for Akaei plc in relation to the
acquisition of All IPO Limited, the placing of 6,000,000 Ordinary
Shares at 25p per share to raise £1.5m and readmission to trading
on AIM with a market capitalisation at the placing price of
£5.8m.
This was FFW’s 10th admission to AIM and 21st AIM transaction
overall of the year.
The FFW team was led by corporate finance partner Anthony
Brockbank, who was assisted by corporate assistants George Cotter
and Brad Isaac.
Akaei was formerly a software publishing business.
Following the departure of the Managing Director in October 2002
the Directors have been reviewing various options with a view to
providing the company with a way to progress. The business of
All IPO will be to create an on-line IPO platform. Via the
internet, All IPO plans to make available shares of companies that
are coming to the market and wishing to raise capital. Retail
investors will be able to participate on-line in IPO’s and other
fundraising.
Grant Thornton acted as nominated adviser and Noble &
Company Limited as broker.
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Ben Girdlestone, Communications Manager, on +44 (0)20
7861 4968
Louise Eckersley, PR Executive, on +44 (0)20 7861 4120