Summary
GUERNSEY-registered investment firm Brookwell has acquired substantial shares in dental crown and prosthetics provider 1st Dental Laboratories. The AIM-listed company purchased 1,666,667 shares, representing 3.97% of issued share capital and worth Pounds 83,333.35 at Wednesday's closing share price of 5p.
Brookwell was set up in 2000 to buy shares in AIMlisted securities and listed securities from financial institutions that were looking to dispose of their noncore holdings. It believes many UK financial institutions have holdings that are not central to their investment strategy and may not be economically viable to hold. 1st Dental builds crowns, bridges, prosthetics, chrome and implants for the orthodontic industry. In its annual results for 2008, published last month, executive chairman Andrew Garner reported it had been a "troublesome year" with revenue declining by 8.7% to Pounds 10.1 million, from Pounds 11 million in 2007.See the full content of this document
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