Business
Admission and First Day of Dealings on AIM
Admission and First Day of Dealings on AIM.
About this update from Gateley (holdings) Plc
[{"type":"text","content":"\n \nRNS Number : 4096P Gateley (Holdings) PLC 08 June 2015 \n\nFor Immediate Release 8 June 2015\nGateley (Holdings) Plc\n(\"Gateley\" or the \"Group\")\n \nAdmission and First Day of Dealings on AIM\n \nSuccessful placing raising £30 million\n \nGateley (Holdings) Plc, (AIM:GTLY) a leading national commercial law firm, is pleased to announce that admission and trading of its Ordinary Shares will commence at 8.00am today on the AIM market of the London Stock Exchange (\"Admission\").\n \nGateley provides high quality, integrated partner-led, client-focussed legal services across five core groups to over 4,000 corporate and 1,500 private clients. These core areas are Banking and Financial Services, Corporate, Business Services, Employment and Pensions and Property.\n \nThe Board believes the successful transition from an LLP to a PLC and Admission will provide the platform to facilitate the Group's anticipated organic and acquisitive growth strategy.\n \nAdmission Details\n \n· £30 million was raised pursuant to the Placing of 31,589,937 Ordinary Shares with institutional and other investors at the Placing Price of 95 pence per share\n \n· Market capitalisation of Gateley on Admission is £100 million (based on the Placing Price)\n \n· Gross proceeds of £5 million and £25 million have been raised for the Company and the Selling Shareholders respectively. The ne...