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
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.