On Friday 14 December we welcomed five
companies onto our AIMTM market. AIM is our
international market for growing companies.
|
Stagecoach Theatre Arts plc
Stagecoach Theatre Arts plc operates one of the UK's largest network of part-time performing arts schools for young people aged from 4 to 16.
Stagecoach was founded in 1988 by Stephanie Manuel and David Sprigg and soon expanded by franchising its growing number of schools. Now the Stagecoach Group operates 353 franchised schools in the UK with over 16,000 students. In addition, it has expanded overseas with franchises in Europe and Australia. As well as the performing arts schools, the company has recently launched SportsCoach which specialises in the provision of part-time tuition to young people.
The money raised on AIM will be used to expand the franchises overseas.
| |
| Placing and offer price |
93p |
| Number of ordinary shares being issued pursuant to the placing and offer |
9,6888,172 |
| Number of new shares being issued pursuant to the placing and offer |
2,688,172 |
| Number of shares being sold as part of the placing and offer |
904,141 |
| Market capitalisation of the company at the placing and offer price |
9.0m |
| Estimated net proceeds receivable by the company after deduction of estimated costs of flotation of 0.7m (including commissions and expenses) |
1.8m |
| Percentage of enlarged issued shared share capital subject to the placing and offer |
37.1% |
| Percentage of enlarged issued shared capital held by the founders following the placing and offer |
61.9% |
| |
|
| |
|
|