28 Aug 2014 07:00
For immediate release 28 August 2014
General Industries plc ("General Industries" or "the Company")
First Day of Dealings
Investing Company admitted to the Official List by way of a Standard Listing and to trading on the Main Market of the London Stock Exchange
General Industries is pleased to announce today the admission of its 10,300,000 ordinary shares of 5p each to the Official List by way of a Standard Listing and to trading on the Main Market of the London Stock Exchange ("Admission").
The Directors are currently investigating a number of opportunities to acquire a business which requires further funding for expansion in conjunction with a public quotation for its shares on terms which should prove beneficial to existing shareholders, management, employees and shareholders of the business being acquired. The Directors may also consider a series of acquisitions within a specific business sector where businesses of the same nature would benefit from a group structure.
Whilst the Directors intend to adopt a flexible approach in considering acquisitions, the Directors currently intend to investigate potential targets in the services sector.
The Directors intend to consider businesses that provide support services to enable other businesses, either public or private, to carry out their activities in a more efficient manner. The services sector includes inter alia outsourcing businesses, professional services, project managers, recruitment and HR businesses and distribution and marketing enterprises.
The Prospectus is available on the Company's website, www.general-industries.co.uk or from the offices of the Company at 56 Station Road, Egham, Surrey TW20 9LF. It will also be available from the National Storage Mechanism at http://www.morningstar.co.uk/uk/NSM
Contact:
Richard Wollenberg, Chairman, General Industries plc 01748 437444
Roland Cornish, Beaumont Cornish Limited, Financial Advisor 020 7628 3396
DEALING CODES
Ordinary Shares
ISIN GB00BPYP3Q26
SEDOL BPYP3Q2
EPIC/TIDM GNI