Date Posted: 2009-04-14 16:33 New Issue: Real Office Group plc (Reverse Takeover) Real Office Group is a quoted vehicle which was set up to acquire office fit-out businesses globally. It listed on AIM in September 2007. Admission to trading on AIM is sought for the enlarged share capital of the Company following the reverse acquisition (as set out under Rule 14 of the AIM Rules for Companies) of 100% of the issued share capital of Pacific Interiors Limited ("Pacific") and ISIS Projects Limited ("ISIS") and 49% of the share capital of Pacific Middle East LLC ("PME"). The Company has conditionally agreed, subject to shareholder approval at the General Meeting to be held on 27 April 2009, to acquire the entire issued share capital of Pacific and ISIS and 49% of the share capital of PME. The acquisition of ISIS and Pacific in the UK provides the Company with national coverage and is the first stage in the strategy to achieve both organic growth and growth by acquiring other companies in the office fit-out or related sectors in the UK and elsewhere in the world. The acquisition of PME provides the Company with a base in Qatar. The Company is in the process of forming subsidiaries in Abu Dhabi and Dubai and intends to continue expansion within the Gulf Co-operation Counsel ("GCC") to capitalise on the growth prospects offered by this region.
Listing exchange: AIM
Expected first day of trading: 2009-04-28
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. |