London Stock Exchange today welcomes Gate Ventures PLC to AIM
London Stock Exchange today welcomed Gate Ventures PLC to open the market on the first day of dealings in the Company’s shares, following its successful Admission to AIM. The board was accompanied by several of its core Chinese investors.
Gate Ventures is a new company formed to make investments and capitalise on investment opportunities in the media and entertainment sector, focussing on, but not limited to, theatre production and the music industry. Gate Ventures Executive Chairman, Geoff Morrow, has been involved in the entertainment industry for four decades and is an internationally recognised song writer whose songs have been recorded by award winning artists such as Cliff Richard, Elvis Presley, the Carpenters and Barry Manilow. In all, Mr Morrow has had over 60 hits around the world, and has been responsible for setting up two record companies which were subsequently sold to EMI Group Limited and RCA Records.
The Board intends to focus on businesses using technologies such as online social media, the internet and disruptive software development. They intend to focus on investing in businesses or projects at any stage of development which, the Directors believe, are seeking to establish or expand their businesses or projects internationally and which offer attractive investment terms. It is intended that investments will be made primarily in the UK, and China where the Directors believe that there are opportunities to acquire interests in suitable projects with high growth prospects, however other territories will also be considered as investment opportunities arise.