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Helicon, a leading publisher of reference material in both printed and electronic form, is today publishing its Admission Document for the proposed Placing and Admission to the Alternative Investment Market (AIM). The nominated adviser is Henderson Crosthwaite Corporate Finance (HCCF), a division of Guinness Mahon & Co. Limited.
- Henderson Crosthwaite Institutional Brokers (HCIB) has placed 2,416,440 Ordinary Shares at 125p per share.
- The Placing raises a total of £3.0 million, of which £1.6 million will be received by the Company (net of expenses) to enable it to continue its expansion through the acquisitions of reference databases and corporate entities.
- The Placing price of 125p per share capitalises the Company at £7.3 million.
- Dealings in the Ordinary Shares are expected to begin on 17 July 1997.
David Attwooll, Managing Director of Helicon, said:
We are pleased to welcome our new shareholders and are delighted with the level of interest that has been shown. Helicon's flotation represents a major step forward in the development of the Company and will enable us to pursue our expansion strategy in a vigorous and highly focused manner. We intend to remain in the forefront of reference publishing as we exploit the exciting new technologies available to us.
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