Business
Admission to AIM and First Day of Dealings
Admission to AIM and First Day of Dealings.
About this update from Cordel Group Plc
[{"type":"text","content":"\n \nRNS Number : 6042P Maestrano Group PLC 30 May 2018 \n\n30 May 2018 Maestrano Group PLC Admission to AIM and First Day of Dealings \n \n \n \nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, JAPAN, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA OR AUSTRALIA, OR TO BE TRANSMITTTED OR DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.\n \nMaestrano Group plc (\"Maestrano\" or the \"Company\")\n \nAdmission to AIM and First Day of Dealings\n \nEstablished Data Network Processing Technology Company Admitted to AIM\n£6 million raised by way of a fully subscribed Placing\n \nMaestrano Group PLC (AIM: MNO), the open cloud business integration platform with cross-app data synchronization, is pleased to announce the admission today of its ordinary shares to trading on the AIM Market of the London Stock Exchange (\"Admission\"). Dealings in the ordinary shares will commence at 8.00am under the ticker MNO and ISIN number of GB00BYZQM590. Arden Partners was sole bookrunner for the Placing and is acting as Broker to the Company. Grant Thornton is acting as Nominated Adviser.\n \nMaestrano offers a data sharing platform for enterprises to engage with their SME clients. Once implemented to an enterprise's branding and specification, Maestrano's platform allows SMEs to seamlessly move information between commonly used cloud-based applications, such as accounting and CRM software. The SME saves time, effort and gains efficiency, while the enterprise benefits from key data insights and customer retention. \n \nPLACING STATISTICS\n\n\n\n\nPlacing Price per ordinary share\n\n\n15 pence\n\n\n\n\nGross proceeds of the Placing\n\n\n£6 million\n\n\n\n\nNumber of Ordinary Shares in issue immediately following Admission\n\n\n80,040,331\n\n\n\n\nMarket capitalisation of the Company at the Placing Price\n\n\n£12 million\n\n\n\n\n \nHighlights:\nMaestrano is a software company which develops and deploys a patented Cloud based Platfo...