More info on First Artist
First Artist Corp. Plc (FAN LN), which acts as agent to 375 soccer players such as Arsenal's
Nwankwo Kanu and Everton's Paul Gascoigne, rose 4 percent to 52p on its first day of trading
on London's Alternative Investment Market.
The company, which moved from London's Ofex market, raised 5 million pounds by selling 10
million new shares, or a fifth of their total, at 50p a share. The money will help the
company finance the acquisition of FIMO Sport Promotion AG, a German agent for soccer player.
House broker Seymour Pierce Group Plc managed the sale. The shares were first issued to
investors on the Ofex market at 33p each in March. The company is worth 28 million pounds at
the current price.
cheers
Damian