Friday, December 22, 2006
Acquisitive Vertu raises £25m on AIM
Vertu Motors, the acquisitive new dealer group formed by former Reg Vardy managing director Robert Forrester, has successfully joined the AIM market of the London Stock Exchange.
The new venture, which is a vehicle for acquiring dealer groups, raised £25m via an over-subscribed placing of 41,666,667 shares at a price of 60p per ordinary share, valuing the company at £28.0 million.
“The high level of demand for the issue and the resulting funds raised will enable us to work closely with our manufacturer partners on a number of exciting acquisition opportunities,” said Forrester.
DATED: 22.12.06
FEED: MT
The new venture, which is a vehicle for acquiring dealer groups, raised £25m via an over-subscribed placing of 41,666,667 shares at a price of 60p per ordinary share, valuing the company at £28.0 million.
“The high level of demand for the issue and the resulting funds raised will enable us to work closely with our manufacturer partners on a number of exciting acquisition opportunities,” said Forrester.
DATED: 22.12.06
FEED: MT
