TAYLOR WESSING AIM UPDATE Summer 2005

25-Jul-2005  |  Corporate
 

Head of the Securities Group, Tim Stocks comments;

"In the first six months of this year, Taylor Wessing's Securities Group has advised on four IPO's and several secondary issues for clients which together have raised more than £200 million. This results from a coherent strategy involving a focus on technology companies especially with the firm's successful Cambridge office and a specialist team of securities lawyers."

July 2005 - Strategic Thought Group plc advised by Tim Oldridge and Simon Walker.

  • Advised Strategic Thought Group plc on its £30 million admission to AIM in conjunction with a £9.4 million placing.

Market capitalisation on admission:  £30 million

Strategic Thought is a developer and supplier of Active Risk Manager ™, the market-leading risk management software system and a supplier of IBM-based IT consultancy services.

Other professional advisers:  The nominated adviser and broker was KBC Peel Hunt.  Simon Griffiths of Addleshaw Goddard advised KBC Peel Hunt

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July 2005 - Portrait Software plc advised by Tim Oldridge.

  • Advising AIM–quoted Portrait Software plc on its £5 million placing of ordinary shares.  The Placing is conditional on shareholder approval at an EGM to be held on 25 July.

Market capitalisation following the placing: £20million

Portrait Software plc (previously called AIT Group plc) develops and supplies the sophisticated Portrait™ customer interaction management software product to large financial services and public service organisations such as banks and UK emergency services. 

Other professional advisers: The nominated adviser and broker to Portrait Software is Shore Capital (Guy Peters).

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July 2005 - Telephonetics plc advised by Jayne Schnider.

  • Advised Telephonetics Interactive Voice Systems Limited on going public by means of a reverse takeover of Leptis Magna plc, an AIM listed company now renamed Telephonetics Plc together with a placing of new and existing shares.   The acquisition was valued at approximately £16.15 million and the placing raised £2.6 million.

                                        

Market capitalisation on admission:  £19.8million

Telephonetics is a UK based telecommunications company that develops and commercialises advanced speech recognition applications. 

Other professional advisers:  The nominated adviser and broker was WH Ireland Limited, represented by Trowers & Hamlins.  Leptis Magna plc were represented by Clyde & Co.

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June 2005 - Bango plc advised by Tim Stocks.

  • Advised Bango on its  £35 million admission to AIM, and placing of new and existing ordinary shares at a price of 134p per share to raise a total of £11 million.

Market capitalisation on admission:  £35 million

Bango is a provider of unique technology and services enabling businesses to make money from the sale of content and services to customers accessing the internet through their mobile phones. 

Other professional advisers: The nominated adviser and broker was Panmure Gordon & Co represented by DLA, and the accountants were Grant Thornton.