News blog

1PM

  • BY: Andrew Hore |
  • POSTED: 03/09/2013 |

Henderson has reduced its stake in finance provider 1PM following a positive trading statement but it retains a 20.9% stake.

In June, Henderson invested £1.5m at 0.15p a share – equivalent to 22p per consolidated share. Last month, the fund manager announced it had trimmed its stake to 21.9%.

At 42.5p a share, 1PM is valued at £12.7m.

1PM has negotiated a new block discounting facility of £1m and this takes new funding raised in this financial year to just under £4.3m. The small company asset finance provider says that trading in each of the first three months of this financial year has been ahead of expectations. 

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFAugust2013_47.pdf

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