The FM Company
Investor News
Investor News
Latest Share Price News
At 31 May 2007
| Shares Issued | 14,111,951 |
| Latest Price | £0.40 |
| Capitalisation | £5,644,780 |
Successful Entitlement Issue
114 investors took up their entitlement to additional shares in the Company during the past two months. Adrian Godwin, Chairman, remarked ‘I am personally gratified to have won such a large degree of support from our individual investors. Over £350,000 was raised from the entitlement issue which has gone a long way towards securing our future and the opportunity to exploit our application particularly within Cisco’s so-called ‘Connected Real Estate’ proposition.
The FM Company Launch Entitlement Issue
After canvassing support from its top 10 investors Adrian Godwin, Chairman of the FM Company, launched an entitlement issue to all its investors on the basis of one share offered for every two currently held. The new issue was priced at 40p reflecting the prospects of the ‘Cisco opportunity’ and the progress made with development and marketing of the application. By offering significant elements of our application over a Cisco IP phone we will dramatically increase our ‘addressable market’ and it will also enable us to offer new applications to the retail and other sectors where our site terminal has, in the past, represented a barrier to entry into these markets.The new issue will also qualify for EIS tax treatment.