MILLHOUSE, INC. PLC APPLIES FOR LISTING ON GXG MARKET'S FIRST QUOTE PLATFORM, TERMINATES TRADING ON FRANKFURT FIRST QUOTATION BOARD.
The company has voluntarily suspended the trading of its securities on the First Quotation Board of the Frankfurt Stock Exchange as part of the migration process to GXG. The Chairman of Millhouse, Inc. PLC, Mr Philippe Paillart, stated that the company is preparing its prospectus for migration to the Main Quote Platform on GXG and on a German Exchange. He indicated that the prospectus would be ready for lodgement with the regulatory authorities on receipt of the audited accounts.
Millhouse Inc. PLC expects that this dual listing strategy should increase capital markets access and liquidity for investors.
The company recently appointed Peter Koch Gmbh Securities Trading Bank as a market maker for its shares in the Xetra2 Specialist Model on the Frankfurt Stock Exchange.
Peter Koch Gmbh Securities Trading Bank will assist Millhouse, Inc. PLC in the placement of its securities and work closely with its corporate advisers and investor relations teams in New York and Europe.
Millhouse, Inc. PLC intends to complete EBITDA accretive acquisitions in private banking, wealth management, investment, asset and funds management and private equity and debt markets. The positive cash flow from the acquisitions would be used for additional acquisitions as the company embarks on a rapid expansion phase in 2013. The company will also be sponsoring new IPO's on the GXG market as part of its private equity strategy.
About Millhouse Inc. Plc:
Millhouse, Inc. PLC, previously listed on the Frankfurt Stock Exchange (FRA:M77) is a listed international diversified funds management business. Its business is to acquire existing businesses in funds management, investment management, and asset management across asset sectors. These acquisitions are conducted at historically low prices and capitalise on the considerable sunk costs invested by previous owners.
The company has a standard acquisition model based on warranted forward EBITDA with the consideration payable over three years as a mix of equity and cash. Each acquisition is EBITDA positive and cash generating. http://www.millhouse.co
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|Date:||Apr 5, 2013|
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