Meanfiddler.com plc to AIM - 24 May 2000
As the entertainment industry has evolved to become one of the UK's biggest export earners, so the Exchange's role has also grown by allowing companies in this field to raise equity finance and achieve their potential through floatation on its markets.
One such company is Meanfiddler.com plc which floated today on AIM - the London Stock Exchange's successful market for fledgling companies. Launched in 1995 with ten constituent members, AIM now boasts over four hundred companies - and with the best performing index in the world last year, it's no wonder that companies from both the old and new economies are choosing AIM to raise equity finance and get their first experience of a stock market listing.
Established earlier this year, Meanfiddler.com plc controls the intellectual property rights (IPR's) for the Meanfiddler Group - which owns 12 music venues and acts as one of the largest promoters of music festivals throughout the UK. The company intends to use the proceeds from today's flotation to launch a digital television music channel and build an online music community so that members can watch live festivals, download music and socialise in chat areas.
Placing Satistics
Placing Price - 7p
Market Capitalisation at placing price - 15,000,286
Net Proceeds - 2,500,000
For further information contact:
Nominated Advisor
Grant Thornton
020 7383 5100