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DJ Vulcan Industries Plc Admission to the AQSE Growth Market

 
TIDMVULC 
 
1 June 2020 
 
                             Vulcan Industries plc 
                          ("Vulcan" or the "Company") 
                ADMISSION TO TRADING AND FIRST DAY OF DEALINGS 
 
Vulcan is pleased to announce that admission of its shares to trading on the 
Aquis Stock Exchange Growth Market ("AQSE") will take place and dealings will 
commence at 8.00 a.m. today, under the ticker VULC and ISIN number 
GB00BKMDX634. 
 
The placing and subscription raised gross proceeds of GBP746,500 at a placing 
price of 3 pence per share. The net proceeds from the Fundraising will provide 
general working capital and will allow the Company to continue to pursue its 
acquisition strategy. Market capitalisation at 3p is GBP6,978,250. 
 
About Vulcan 
 
Vulcan seeks to acquire and consolidate traditional but historically profitable 
engineering, manufacturing and industrial SMEs for value and to enhance this 
value in part through group synergies, but primarily by unlocking growth which 
is not being achieved as a standalone private company. The Group will also try 
to optimise productivity through the introduction of new technologies and 
processes in line with Industry 4.0. 
 
The Company has completed four acquisitions to date with a further acquisition 
subject to heads of agreement. The Company, therefore, currently acts, either 
directly or indirectly, as the ultimate holding company for three wholly owned 
subsidiaries and one indirect wholly owned subsidiary. The Company is seeking 
to make further acquisitions following Admission consistent with this 
strategy. 
 
The Directors are confident of their expectation to complete a number of 
value-enhancing acquisitions which will generate significant synergies and 
further growth in the coming months. 
 
The Company's admission document is available to view on its website https:// 
vulcanplc.com 
 
For further corporate information, please contact: 
 
Vulcan Industries plc 
 
Ian Tordoff, Chairman / John Maxwell, CEO 
 
Tel: +44 7803 778 362 / +44 7771 806 494 
 
First Sentinel Corporate Finance Limited (AQSE Corporate Adviser) 
 
Brian Stockbridge / Gabrielle Cordeiro 
 
Tel: +44 7876 888 011 / +44 7780 732 451 
 
 
 
END 
 

(END) Dow Jones Newswires

June 01, 2020 02:52 ET (06:52 GMT)