Business
First Day of Dealings on AiM
First Day of Dealings on AiM.
About this update from System1 Group Plc
[{"type":"text","content":"\n BrainJuicer Group PLC\n05 December 2006\n\n\nPress Release 05 December 2006\n\n\n\n BrainJuicer plc\n\n ('BrainJuicer' or 'the Company')\n\n First day of dealings on AiM\n\nBrainJuicer Group PLC, one of Europe's leading online market research agencies,\ntoday announces the commencement of dealings of its Ordinary Shares on the AiM\nMarket of the London Stock Exchange. Teather & Greenwood Landsbanki is the\nCompany's Nominated Adviser and Broker. The stock market EPIC is BJU.\n\nUK based BrainJuicer was established in 1999 to provide quantitative online\nresearch using innovative, bespoke software to produce insightful market\nresearch for large multinational companies. BrainJuicer has over 80 clients,\nincluding 10 of the world's top 50 companies (FT 500, September 2006) and is\nregarded as one of the leading innovators in the research industry. The Company\nis focused on assisting clients throughout their development process by\nproviding rich diagnostics to enable clients to better understand consumers and\nthen identify the strongest product, pack and advertising ideas and how best to\ndevelop them. The Board's objective is to position the Company as an\ninternational market-leading research agency.\n\nPlacing and Admission Statistics\nPlacing Price 108p\nNumber of New Ordinary Shares to be issued pursuant to the Placing 1,388,900\nNumber of Ordinary Shares in issue immediately following Admission 12,550,613\nPercentage of the Company's enlarged issued share capital being placed 11.07 per cent.\n\nMarket capitalisation of the Company at the Placing Price £13.55 million\nGross proceeds of the Placing available to the Company £1.50 million\nEstimated net proceeds of the Placing receivable by the Company £1.01 million\n\nJohn Kearon, Chairman and Chief Executive of BrainJuicer, commented: 'We are\npleased that the flotation has been successfully completed and are delighted\nwith the support received from our new shareholders. BrainJuicer is one of the\nfirst companies to make full use of the Internet's interactive capabilities,\nadding deep qualitative understanding to robust quantitative research and\nreducing research timescales.\n\n'The Company's innovative research methodology and bespoke software positions\nBrainJuicer favourably to tap into the fast growing sector of online market\nresearch. The Company aims to r...