Argyll joins Text and enters OFEX

Argyll Consultancies, parent of IT PR agency Kaizo, became only the second PR group to join the off-share trading market OFEX last week.

Argyll Consultancies, parent of IT PR agency Kaizo, became only the

second PR group to join the off-share trading market OFEX last week.



Crispin Manners, Argyll CEO, said the group had joined OFEX to gain

access to investment capital. The shares are currently worth pounds

2.90.



The listing will also have the benefit of providing employee equity

participation in the company, with all employees having some shares. ’It

has been well received by the people we wanted it to be well received by

- our employees and clients,’ said Manners.



OFEX is an ’off exchange’ trading and share matching facility - which

means an organisation can benefit from having a tradeable share without

the expense involved in listing on the London Stock Exchange or the

Alternative Investment Market. A listing on the LSE would cost around

pounds 250,000 compared with pounds 25,000 on OFEX.



Text 100 is currently the only other PR agency listed on OFEX, and is

planning a move to the LSE later this month. Argyll has not started

trading the shares, but an offer to purchase a share can be made.



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