London Stock Exchange welcomes Actual Experience to AIM
Market open video
The London Stock Exchange today welcomed Actual Experience plc (the "Company") to open its UK markets, marking the start of dealings in its shares and admission to AIM, today, 13 February 2014, under the ticker ACT.
Actual Experience has developed an innovative business information tool to enable corporations to
analyse their digital supply chain and thereby improve the experience of their employees, customers, and partners with regard to important digital products and services.
In November 2013 Actual Experience, secured equity funding of £4.07 million from a group of investors led by funds managed by Henderson Global Investors Limited. The purpose of the funding was to provide further working capital to the Company, and, in particular, to facilitate expansion of its development and sales functions to drive further growth. IP Group is a circa 30 per cent. shareholder of the business, having first invested in the Company in 2010.
Actual Experience joins AIM with a market capitalisation of approximately £15.6 million. The total number of Ordinary shares in issue at Admission was 28,619,450.
Dave Page, Chairman and CEO of Actual Experience plc, commented:
"We are very pleased to have received such strong support from the UK investment community. We believe that AIM provides a great opportunity for smaller companies and we look forward to growing the Company further through this listing and creating additional value for our shareholders.
"We believe that we have the opportunity to build a world-leading UK technology business, grown out of UK academia and supported by UK business investment. Having grown an impressive client list we are now at the stage of taking our technology out to the broader market."
Actual Experience is being advised by N+1 Singer, acting as Nominated Adviser and Broker. Newgate Threadneedle is advising the Company on its financial PR.