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AIM Investments

  • BY: Andrew Hore |
  • POSTED: 30/12/2009 |

Shell company AIM Investments says that it will invest in companies planning to gain a quotation on Aim, Plus-quoted or other junior markets in Europe.

AIM Investments was formerly Medsea Estates. The focus will be on profitable, growing companies in emerging economies in particular from “Brazil, Russia, India and China“ but AIM Investments will look at other geographies. The company will invest in a “passive capacity”.

The investee company should be on course for annual profits of £1m. The target market capitalisation for a Plus-quoted flotation would be between £5m and £15m and for an Aim flotation it will be between £15m and £50m.

Between £100,000 and £500,000 will be invested in each company. No stake will be greater than 20% of the investee company’s share capital. AIM Investments hopes to at least realise its initial investment by the time of the flotation.

At 1.375p a share, the company is valued at £1.29m. In October 2009, a loan of £141,000 from Maji Capital Partners Group was converted into shares at 0.874p each. Maji owns 17.1% of the company. 

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