KUITS ADVISES POLY INFORMATION LTD ON AIM ADMISSION |
5th October 2004 |
Manchester law firm, Kuit Steinart Levy, has acted for the shareholders of Poly Information Ltd in connection with the acquisition of the entire issued share capital of Poly Information by Poplar Partners plc and the admission of Poplar Partners plc to AIM. Poly Information, based in Israel, develops sophisticated voice recognition software which enables computers to identify and respond to the spoken word. Kuits worked with advisors in the UK and Israel to facilitate the flotation, which resulted in Poplar Partners commencing dealing on 11 March in its entire issued share capital. A total of 85,773,600 shares were placed on AIM at 1p per share, giving Poplar Parners a market capitalisation at the placing price of £3.95million. Jan Winstanley, who lead the team at Kuits comments: The admission of Poly Information to AIM will benefit the company greatly, allowing it to raise its profile as well as giving it access to capital to develop its business both domestically and throughout the world. It has been very rewarding for the team at Kuits to work on the flotation and we have enjoyed a close working relationship with Poly Information’s management team and representatives in the UK and Israel.” Ends For further information please contact: |
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