06/10/2004 WIN plc
WIN’s principal business enables UK corporate customers to send and receive text messages, as well as deliver content, to and from mobile phone users. WIN also provides other wireless data services to business customers, including picture messaging and transmission of real time financial data to pagers. Established in 1996, the company’s business has grown rapidly over the last two years following the investment made by the UK mobile operators in their networks.
The flotation on AIM will raise WIN’s profile within its target markets both in the UK and in Continental Europe and will better position the Group to take advantage of selective acquisition opportunities. WIN has placed £10million through an institutional placing at 202p a share. At the placing price, WIN has a market capitalization of £19million.
Peter Button, Chief Executive, commenting on the IPO of WIN, said: “We are pleased to be joining the AIM market. The flotation of WIN will not only raise our profile within the sector but will facilitate the Group’s continued expansion whilst maintaining our commitment to client service excellence."
Beaumont Cornish is Nominated Adviser and Joint Financial Adviser, with
Arden Partners acting as Broker and Joint Financial Adviser.