10/04/2007 Matica plc to AIM
10 April 2007
The London Stock Exchange is delighted to welcome Matica Plc to AIM.
Head quartered in Italy, Matica designs, manufactures and markets machines for the personalisation of cards, such as credit cards, identification cards, membership cards and SIM cards.
Matica raised approximately £1.9m, and will use these funds to expand its business in the Americas and Asia, and consolidate its position in Europe, Africa and the Middle East.
Sandro Camilleri, Executive Chairman of Matica commented:
"We are delighted to be taking this exciting step in the development of Matica. Following significant investment in new products over the last three years, the Group is seeking to expand its business in the Americas and across the growing markets in Asia. In addition, the AIM quotation will enable us to further incentivise our staff."
Over 300 overseas companies are now quoted on AIM, and Matica is the 5th Italian based company to join the market.
Seymour Pierce acted as Nominated Adviser and Broker to the Group. Market Capital acted as the Financial Adviser on the IPO.