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BUSINESS DESCRIPTION

The company manufactures a range of magnetic treatment products, and sells these direct to the end user. The Group sells its products online and through a network of various partnerships in the UK and abroad across Europe, with 90% of FY16 sales occurring in Greece and the UK. The directors believe the company is well placed to take advantage of the marketplace it is creating holding an effective monopoly with substantial returns in the agricultural and construction markets as well as an enormous opportunity in the energy sector. The business has traded for 3 years.

COMPANY DIRECTORS

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CORPORATE GOVERNANCE

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UK TAKEOVER CODE APPLICABILITY

The UK City Code on Takeovers and Mergers applies to the Company.

COUNTRY OF INCORPORATION AND OPERATIONS

Country of incorporation : England and Wales
Company registration number : 08843473
Main country of operation : United Kingdom

Operations in Greece thorough a wholly owned subsidiary.

COMPANY DOCUMENTS

Articles of Association

DETAILS OF RESTRICTIONS ON THE TRANSFER OF SECURITIES

There are no restrictions on the transfer of ordinary shares.

DETAILS OF ANY OTHER EXCHANGES

The securities of the Company are to be traded on the AIM market operated by the London Stock Exchange plc. It's shares have not been admitted, nor have any applications been made, for any of its shares to be admitted or traded on any other exchanges or trading platform.

SECURITIES INFORMATION

AIM securities in issue : 10,000,000

The percentage of AIM securities not in public hands at admission was 76.0% For the identity and shareholdings of the Company's significant shareholders please contact us.

ADVISER INFORMATION

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This information was last updated on March 2017.

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Contact Investor Relations

Magnetic Technologies

Adam Mitchell
Investor Relations

Phone: +30 251 888 0008

Email