Company history

 

 

 

 

 

 

 

 

 

Summary

Following the acquisition of INOV Technologies Limited and Moving Sun Limited on 5 October 2006, Mid-States PLC moved from the Official List to the Alternative Investment Market (AIM) of the London Stock Exchange.

Mid-States was previously a cash shell listed on the Official List of the London Stock Exchange. Mid-States previously owned a business involved in the supply of automotive aftermarket products in the US. This business was sold in October 2001.

Acquisition of Inov8 and Moving Sun

At the Extraordinary General Meeting held on 5 September 2006 shareholders approved the acquisition of INOV8 as detailed in the circular to shareholders dated 14 August 2006. The acquisition which completed on 5 October 2006 brought together Mid-States' corporate infrastructure and balance sheet, Moving Sun's ground breaking air disinfection technology and INOV8 Technologies' management, engineering and systems testing business.

The acquisition created a leading environmental technology group founded on proven expertise in atmospheric chemistry. Its technologies target global concerns and interest in clean air and an improved environment. The Group has a suite of sophisticated current and in-development products. It has established revenues and is well placed to take advantage of significant growth opportunities in its international commercial and retail markets.

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