The Directors of DXS International plc are pleased to announce the launch of an Entitlement Offer of 3,100,000 Ordinary Shares at 12p per share seeking to raise £372,000 gross. The proceeds are intended to support the Company’s continued development and the Company has irrevocable undertakings from some of the larger shareholders to contribute £120,000 under the terms of the Offer. The Ordinary shares to be issued will qualify for tax relief under the Enterprise Investment Scheme.
Offer Shares are available for subscription immediately. The Entitlement will close on the 4th December 2013 and completed application forms and payment must be received by the Company's Corporate Adviser by close of business on that day. Shareholders are reminded that unsubscribed Shares will be offered to third parties from 5th December 2013.
For more information please contact City & Merchant on 0207 101 7676
City & Merchant was established in 1991 to provide a balanced group of traditional merchant banking activities aimed at the SME and SQC market place. Bringing together corporate finance, IPO support and direct equity investing we have recruited senior executives from major institutions in order to achieve a unique vehicle for both companies and investors alike. Our senior management come from various fields within the Financial Services sector, their backgrounds covering the entire range from corporate law & finance through to accountancy, investment banking, trading, IPO & pre-IPO funding.
In addition to our traditional role in Corporate Finance, City & Merchant is able to provide Principal and Agency Trading, and Fund Management in all its forms, providing within our organisation an insight into the markets, the investors in those markets and the companies which seek to access those markets. This triple knowledge sits within an operation which is small enough to communicate with each other.
City & Merchant, by taking an equity stake in our client companies, align our interests with those of investors over the medium term. Simply put, we win if you win.