Incadea plc is a new holding company of the international Incadea Group. This is a leading international provider of software solutions and services to the automotive dealership industry whose products include dealer management, business intelligence and customer vehicle relationship management systems used by multinational car manufacturers such as BMW Group and VW Group. It represents a speculative investment opportunity and hence is not without risk. On 25 May 2012, Incadea was admitted to trading on AIM having raised £13.6m (gross) in a placing with institutional and other investors at an issue price of 75p. Certain of the Directors also subscribed for shares in the placing with the proceeds being used to support the growth and working capital requirements of the business.
STOCK/MARKET: UKREGION: EuropeCOUNTRY: United Kingdom
CATEGORY: Software & Computer ServicesPUBLISHED: 30 May 12