Placing
04 Abril 2006 - 2:01AM
UK Regulatory
RNS Number:8856A
Millbrook Scientific InstrumentsPLC
04 April 2006
Press Release 4 April 2006
Millbrook Scientific Instruments Plc
("Millbrook" or the "Company")
Placing of Shares
Millbrook Scientific Instruments plc (AIM: MBK), the designer and manufacturer
of innovative scientific instruments used for nanoscale investigations of
surfaces, coatings and thin films, announces today that it has raised
#789,857.50, before expenses, through a placing of 15,797,150 ordinary shares at
5p each. The net proceeds from this placing will be used as working capital.
These shares have been placed with institutional and other investors by the
Company's broker, Seymour Pierce Limited.
Application for the admission to AIM of the new ordinary shares has been made
and dealings are expected to commence on 6 April 2006. The new ordinary shares
rank pari passu with the existing ordinary shares and are identical in all
respects.
Executive Chairman, Dr Peter Stefanini commented: "We begin our new financial
year with a wider portfolio of products than ever before, including several new
products developed in-house last year. This additional working capital will
enable us to increase our sales and marketing effort and ensure that the global
potential of the product range is exploited to the full. We shall also take
steps to strengthen our distribution in the USA and Asia."
- Ends -
For further information:
Millbrook Scientific Instruments plc
Dr Peter Stefanini, Executive Chairman Tel: +44 (0) 1254 699 606
f.p.stefanini@millbrook-instruments.com www.millbrook-instruments.com
Seymour Pierce Limited
Sarah Wharry, Corporate Finance Tel: +44 (0) 20 7107 8000
sarahwharry@seymourpierce.com www.seymourpierce.com
Media enquiries:
Abchurch
Justin Heath / Gareth Mead Tel: +44 (0) 207 398 7700
justin.heath@abchurch-group.com www.abchurch-group.com
Notes to editors:
Millbrook Scientific Instruments plc
Millbrook Scientific Instruments plc ('Millbrook'), via its three operating
companies, is a designer and manufacturer of innovative scientific instruments
used for nanoscale investigations of surfaces, coatings and thin films. The
Group joined AiM in December 2004.
Millbrook Instruments Limited (Blackburn)
Millbrook Instruments Limited is the nucleus around which the Millbrook Group
has been built. The core product is the MiniSIMS, based on a technology known
as Secondary Ion Mass Spectrometry (SIMS) - a sensitive analysis technique that
can examine the extreme surface of complex materials in three dimensions. The
MiniSIMS is an automated, self-contained, mobile instrument, which provides a
comprehensive and low cost route to surface chemical characterisation.
Aquila Instruments Limited (Cambridge)
The acquisition of Aquila Instruments Ltd by the Group in March 2003 broadened
the portfolio to include instrumentation for measurement and investigation of
thin films - in particular optical coatings. Aquila supplies spectrophotometers
known as the nkd7000 and the nkd8000, which enable measurements of thickness,
refractive index and extinction coefficient to be made simultaneously on surface
coatings.
Micro Materials Limited (Wrexham)
Micro Materials Limited was acquired in September 2004 and brought expertise in
the high growth niche sector of mechanical nanotesting into Millbrook. The MML
NanoTest is a system which provides a high degree of precision and
reproducibility in the mechanical testing of coatings in the micro to nano range
of thicknesses, including hardness, fracture toughness, creep, adhesive failure,
surface friction, impact, scratch and wear resistance. These criteria can be
analysed under varying temperature and humidity conditions.
The Group's instruments are used in a wide range of applications including:
Adhesives Liquid Crystal Displays
Aerospace Lubrication
Architectural Glass Magnetic Storage
Automotive Optical Coatings
Biomaterials Optical Components
Ceramics Pharmaceuticals
Corrosion Polymers
Electronics Surface coatings
Food Hygiene Telecom Devices
University Teaching
The Group has a global client base - which includes a broad span of industries,
research facilities and universities - and an extensive network of international
distributors. The group's client list includes such prestigious names as:
Cambridge University, General Motors, Daimler Chrysler, Corus, Pilkington, LG
Philips, Johns Hopkins University, Imperial College, Kodak, Pfizer, TDK,
Corning, Siemens, BNFL and the Massachusetts Institute of Technology (MIT) and,
now, The University of Melbourne.
The Group's instruments are used at over 150 sites in Europe, the Americas and
Asia. The instruments typically sell in the price bracket #50k to #150k.
Millbrook and its operating companies have won a range of prestigious scientific
and commercial accolades, including: the Queen's Award for Enterprise; a UK
Trade & Investment Award; the Achievement Award of the UK Worshipful Company of
Scientific Instrument Makers (http://www.wcsim.co.uk/page06.htm); three DTI
Smart Awards; a DTI Smart Achievement Award; Millennium Product status; and
numerous local business awards in the North West.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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