Moneybox PLC
18 March 2004
Embargoed until 7am
Thursday 18 March 2004
Moneybox plc
Admission to AIM
Placing to raise £47.5 million at 47p by Numis Securities Limited ('Numis')
Dealings Commence Today
Moneybox plc ('Moneybox' or 'the Company'), the cash machine and payment
services business, today announces the commencement of dealings of its Ordinary
Shares of 10p on the Alternative Investment Market ('AIM') of the London Stock
Exchange. The Company has raised approximately £21.8 million through a Placing,
fully underwritten by Numis.
In addition, Ordinary Shares have also been placed on behalf of selling
shareholders raising £25.7 million.
•Market capitalisation of £93.6 million following the Placing at the issue
price of 47p
•Net proceeds of £20.0 million raised by the Placing
•Of the net proceeds, £7.5 million will be used to pay the cash element of
the consideration for the acquisition of G2, a UK-based developer and
operator of ATM, cashless payment and access control systems
•Provides funds for potential acquisition and consolidation strategies
Placing statistics:
Issue price 47p
Number of ordinary shares in issue following the placing 199,104,409
Market capitalisation following the placing at the issue price £93.6 million
Number of new ordinary shares being placed 46,467,164
Gross proceeds raised by the company in the placing £21.8 million
Net proceeds of the placing receivable by the company £20.0 million
Net proceeds of the placing retained by the company after £12.5 million
payment of the cash element of the G2 acquisition
consideration
Number of ordinary shares sold on behalf of shareholders 54,596,666
Gross proceeds raised for selling shareholders £25.7 million
Commenting on Moneybox's admission to AIM, Paul Stanley, Chief Executive, said:
'We are delighted by the enthusiastic response that we have received from new
investors, and by the support given to us by existing shareholders. The
flotation of Moneybox leaves the Company well placed to take advantage of the
numerous opportunities for growth and consolidation that exist within the
sector.'
For further information, please contact:
Moneybox plc 020 7452 5400
Paul Stanley, Chief Executive Officer
Merlin 020 7653 6620
Paul Lockstone / Kirsty Black
Numis Securities 020 7776 1500
Jag Mundi / Simon Law
Moneybox Group - notes to editors
The Moneybox Group deploys, manages and maintains cash machines (ATMs) in the
UK, Netherlands and Germany. The Group also operates cashless payment and access
control systems in the UK through its G2 subsidiary, which was acquired in March
2004.
Moneybox launched its first convenience ATM in June 1999 and now operates a
network of nearly 2500 ATMs in the UK; the company also has an estate of more
than 150 machines in the Netherlands and more than 175 in Germany. In the UK,
Moneybox's cashless payment and access control systems are used by over 400
customers at more than 1,700 sites.
Moneybox deploys ATMs at points of convenience, with consumers paying a
convenience fee per cash transaction. This enables the ATM to be located in
places that do not attract enough cardholders to support a traditional cash
machine, promoting consumer choice and wider accessibility to their cash.
Virtually every bankcard and credit card is acceptable through Moneybox ATMs as
a result of Moneybox's membership of the LINK network.
The Moneybox ATM estate comprises owned and operated Fully Managed ATMs,
merchant replenished ATMs and ATMs that are managed on behalf of financial
institutions - a sector in which Moneybox is the market leader.
The G2 Group (formerly known as Airtime) was established in 1991. In August
2002, G2 acquired a majority holding in Transacsys plc (a company then listed on
London Stock Exchange's Alternative Investment Market (AIM)). Transacsys
(formerly known as Girovend) introduced its cashless payment systems in 1984 and
has supplied access control systems since 1994.
G2 processes ATM, credit and debit card, direct debit, internet and stored value
card transactions. G2 also develops, sells and maintains cashless payment and
access control systems and in 2003 supplied approximately 300,000 smart cards
and 300,000 magnetic stripe cards to the workplace market.
This information is provided by RNS
The company news service from the London Stock Exchange