Lowe Bell Financial has been drafted in to handle financial media
relations for South African mining company Gencor.
A team including Lowe Bell Financial director John Antcliffe, LBF
chairman Piers Pottinger and group chairman Sir Tim Bell was brought in
last Sunday morning after news that Gencor was planning a pounds 5
billion London stock market flotation was leaked to the Sunday
In fact, Gencor’s financial advisers Robert Fleming and UBS are thought
to have been sounding out financial PR companies in London - including
Lowe Bell and Gavin Anderson - for several weeks.
It is understood that the agency’s brief is to handle communications
related to Gencor’s reported plans to split itself into two and float
one half on the London market. PR fees are estimated to be around pounds
Lowe Bell’s first task was to issue a statement early on Monday morning
clarifying Gencor’s position to the effect that it was considering a
number of ways of gaining access to international capital markets.
The Lowe Bell intervention came as a surprise to Gencor’s existing
London financial agency College Hill.
Asked what the implications were for his agency, College Hill chairman
Alex Sandberg responded: ’I can confirm that Gencor has been a retained
client of ours for some time and remains a retained client going
However, Lowe Bell’s appointment - in both London and South Africa -
must put a question mark against College Hill’s future on the
Lowe Bell’s South African operation Lowe Bell and Mann has carried out
project work for Gencor in the past.
Gencor investor relations manager Anne Dunn confirmed that Lowe Bell and
College Hill were both now retained in London but conceded that this
arrangement might change.