Drumz complete Acquisition of Acuity Risk Management, Placing and Subscription, Share Reorganisation and Admission to AIM
April 2023
Drumz was incorporated under the name J. Billam Limited in 1935 and in 1964 it became a public company with its shares traded on the London Stock Exchange. In June 1995, its name changed to Billam PLC and in 1997 its shares were admitted to AIM. It subsequently changed its name to Energiser Investments plc in 2008 and to Drumz in 2020.
Today, Drumz is an investing company admitted to trading on AIM with an investment policy focused principally, but not exclusively, on acquiring investments in technology businesses based in Europe.
Acquisition, Placing and Subscription, Share Reorganisation and Admission to AIM
On 25th April 2023, the Acquisition of Acuity Risk Management Limited was completed by way of a Placing and Subscription of 32,222,222 New Ordinary Shares at 4.5 pence per share, Share Reorganisation and Admission to trading on AIM. This included a change of name to Acuity RM Group plc
The Perivan shareholder communications team was delighted to work with WH Ireland who acted as Nominated Adviser and Joint Broker to Drumz on the successful production and publication of the 112-page Admission Document.
Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds.
