Impact day; Flotation on the Alternative Investment Market.

0 Comments | M2 Presswire, August, 2000

M2 PRESSWIRE-10 August 2000-BikeNet: Impact day; Flotation on the Alternative Investment Market (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:10082000 BikeNet PLC (the "Company"), a leading European motorcycle affinity site, is pleased to announce the details of its proposed flotation on the Alternative Investment Market of the London Stock Exchange ("AIM").

The Company is raising approximately GBP3million of new money by way of a placing with institutional and other investors. The net proceeds of the Placing will be used to fund the ongoing working capital requirements of the Company and will allow the Directors to create a higher profile for BikeNet. It will also ensure BikeNet's position as the largest European affinity site for motorcycle...

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