Date Posted: 2008-12-08 08:54 New Issue: The Wensum Company Plc The Wensum Company Plc ("Wensum" or "the Company"), an AIM listed supplier of a full corporatewear managed service, announced on 4 December 2008 that it has entered into a Sale and Purchase Agreement to acquire the whole of the issued share capital of Crown East Group Limited ("Crown East"). Crown East is a Company operating in the corporatewear and workwear markets, and its businesses and brands include Faithful, Rainbow and Monarch and it has overseas operations in Holland and Tunisia. It has annual sales of just over �24 million. This admission is sought as the transation constitutes a reverse take-over under Rule 14 of the AIM Rules.
The enlarged group will have customers across different sectors and distribution channels within the UK and overseas who will be able to draw on a broad range of products including workwear, corporatewear and protectivewear. The company is incorporated in the UK and carries out its main operations in the UK.
Listing exchange: AIM
Expected first day of trading: 2008-12-22
Expected money raised: NIL Any information, prospectus or other document, or any hypertext link to any of the aforesaid should not be construed as advice on investments or a personal recommendation by ALL IPO plc and is being offered on an execution-only basis. Any decision to invest should be made only after careful consideration of the relevant documentation and particularly after acceptance of the full terms and conditions relating to the specific investment opportunity. Share prices, values and income can go down as well as up and you may get back less than the amount you invested. If in doubt about the suitability of investments referred to in this communication and on our website, you should consult an investment adviser authorised under the Financial Services and Markets Act 2000. | 