Business
AIM Admission - Update
AIM Admission - Update.
About this update from Gear4music (holdings) Plc
[{"type":"text","content":"\n \nRNS Number : 9960O Gear4music (Holdings) PLC 03 June 2015 \n \n\nNOT FOR RELEASE, DISTRIBUTION OR PUBLICATION DIRECTLY OR INDIRECTLY IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR IN, INTO OR FROM ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION\n \nFOR IMMEDIATE RELEASE 3 June 2015\n \nGear4music (Holdings) plc\n(\"Gear4music\", the \"Company\" or the \"Group\")\n \nAdmission to trading on AIM\n \nGear4music, one of the largest UK based online retailers of musical instruments and music equipment, announces that its entire issued share capital, comprising 20,156,339 ordinary shares of 10p each, will today be admitted to trading on the AIM Market of London Stock Exchange plc, under the EPIC code \"G4M\". It is expected that Admission will become effective and that dealings will commence at 8.00 a.m. \n \nThe net proceeds from the Placing of approximately £9.0 million will be used to:\n \n· Develop further Gear4music's bespoke ecommerce platform;\n· Invest in additional marketing initiatives;\n· Extend the range of products;\n· Open a flagship showroom in London; and\n· Pay down debt.\n \nThe Company's AIM admission document can be viewed at www.gear4musicplc.com. \n \nAndrew Wass, Chief Executive Officer of Gear4music said:\n\"We have been thrilled by the investor enthusiasm and support for our admission to AIM and are very excited about beginning the next chapter in o...