Vipera Regulatory News (VIP)

8 Apr 2005 07:00

Addworth PLC08 April 2005 addworthplc 126 Aldersgate Street London EC1A 4JQ Tel: 020 7638 8750 Fax: 020 7638 8747 8th April 2005 Addworth Plc Addworth takes stake in Ricmore Plc Addworth Plc, the recently AIM floated 'active capital' investor, has todayannounced that following recent purchases it has acquired 1,200,000 shares inthe AIM quoted Ricmore Plc, the internet and technology related services sectorcompany which floated on 30th March 2005. The stake represents 5.47% ofRicmore's equity. For further information Addworth Plc 020 7638 8750Mark Watson-Mitchell, Executive ChairmanRobin Abeyesinhe, Finance Director www.addworth.co.uk Notes to Editors Addworth (ADW), which gained admission to AIM on 3rd February 2005, was formedprimarily to act as an 'active capital investor'. The focus is upon the growthof capital value and the generation of fee income from: establishing and fundingnewly quoted sector focused companies; acquiring and developing companies withgrowth potential; and taking minority equity positions in undervalued smallerlisted companies. Ricmore (RMR), is a newly incorporated company that has been established as avehicle to invest in or acquire assets, businesses or companies in the internetand technology related services sector in the UK. This information is provided by RNS The company news service from the London Stock Exchange