Diablo Group Plc
20�Oct�2005
Placing and Admission to AIM
Kerman & Co LLP advised Diablo Group Plc on its placing of 10 million new ordinary shares at 10p per share with institutional investors to raise �1 million before expenses.
Diablo was established in 2003 as an independent record label and media management business.� Its strategy is to record and manage a limited number of artists.� The placing will allow Diablo to develop its audio, video and songwriting activities, and provide working capital.
The Kerman & Co team was led by Nicholas Narraway, assisted by Chris Jones and Tatiana Nevard.
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