Cobbetts’ capital markets team, led by partner Sefton Collett and solicitor Davey Brennan, has advised Daily Internet Plc on its admission, with a market capitalisation of £2.27M, to the PLUS-quoted market.

Daily Internet is a dedicated web hosting solutions provider with its core business activities including domain registration, email and shared server web hosting services, online remote back up services and e-commerce solutions.

Over 200 companies are currently on the PLUS-quoted market segment, on which Daily Internet is now quoted. An exchange-regulated market for small and mid-cap companies, it offers an alternative to AIM for high-quality applicants offering the potential for investment returns.

Davey Brennan commented: “The PLUS market, whose roots lie in the market formerly known as OFEX, offers an alternative to AIM for high-quality, smaller-capped applicants and I am pleased to be involved in bringing Daily Internet to this market."
 
Loeb Aron & Co Limited acted as Corporate Adviser on the transaction.

Picture caption: Davey Brennan