GoIndustry DoveBid - Investor Relations

Investor Relations

The information provided is disclosed in accordance with Rule 26 of the AIM Rules for Companies (February 2007), updated as of 12 November 2008.

Introduction to GoIndustry DoveBid

In a market estimated to be worth more than US$100 billion, GoIndustry DoveBid has become a leading force in changing the way in which surplus industrial assets are bought and sold. Since the company was founded in 1999 it has leveraged the growing popularity and effectiveness of online auctions, which when married to the company's acknowledged expertise in equipment valuation, marketing and database management has proved a powerful combination for international expansion.

In 2006 GoIndustry DoveBid enhanced its position further by expanding the reach of its global buyer database, increasing online auction penetration and aligning its sales force with the most significant opportunities. In April 2007 the company raised £6.6 million to finance further growth initiatives. In the process it strengthened its balance sheet and broadened its institutional shareholder base.

The management of the company believe that there is considerable scope for future growth. Even as the market leader, GoIndustry DoveBid's market share accounts for less than 1% of the estimated global market. Because the market is so fragmented, GoIndustry DoveBid believes it can increase its sales significantly over the coming years. The company is focused on driving its growth both organically and via carefully targeted acquisitions.

In February 2008, GoIndustry DoveBid acquired DoveBid, Inc., a global provider of capital asset auction and valuation services.

Financial Releases & AIM Notifications

If you would like to be alerted when a new financial release is issued then please register your details for our alert service.
Please find below all notifications GoIndustry DoveBid has made in the past 12 months.

2008
- 10 November 2008 - Market Announcement
- 28 October 2008 - Director/PDMR Shareholding
- 15 October 2008 - Holding(s) in Company
- 10 October 2008 - Director/PDMR Shareholding
- 8 October 2008 - Director/PDMR Shareholding
- 2 October 2008 - Holdings in Company
- 19 September 2008 - Director/PDMR Shareholding
- 16 September 2008 - Interim Results
- 3 September 2008 - Signs U.S. Real Estate Joint Venture
- 26 August 2008 - Market Announcement
- 18 August 2008 - Change of Registered Office
- 30 June 2008 - Issue of Options
- 10 June 2008 - AGM Statement
- 9 June 2008 - Change of Name
- 30 May 2008 - Issue of Options
- 21 May 2008 - Annual Reports & Accounts
- 16 May 2008 - Notice of Annual General Meeting
- 12 May 2008 - Holdings in Company
- 9 May 2008 - Holdings in Company
- 6 May 2008 - Preliminary Results
- 4 March 2008 - Holdings in Company
- 3 March 2008 - Holdings in Company
- 3 March 2008 - Holdings in Company
- 28 February 2008 - Holdings in Company
- 26 February 2008 - Holdings in Company
- 26 February 2008 - Acquisition Completion of DoveBid Inc
- 22 February 2008 - Result of GM
- 30 January 2008 - Proposed Acquisition of DoveBid Inc
- 4 January 2008 - Trading Update and Appointment of Director
2007
- 26 September 2007 - Interim Results
- 17 August 2007 - GOI AIM Rule 26 Announcement
- 9 August 2007 - Change of Nominated Adviser & Broker
- 6 August 2007 - Issue of Equity
- 26 July 2007 - Issue of Options
- 12 June 2007 - AGM Statement
- 7 June 2007 - Transaction Own Shares
- 6 June 2007 - AIM Notice
- 5 June 2007 - Issue of Equity
- 17 May 2007 - Director/PDMR Shareholding
- 16 May 2007 - AIM Notice
- 15 May 2007 - Annual Reports & Accounts
- 15 May 2007 - Issue of Equity
- 14 May 2007 - Notice of Annual General Meeting
- 25 April 2007 - Preliminary Results
- 20 April 2007 - Holdings in Company
- 17 April 2007 - Notice of Results
- 5 April 2007 - AIM Notice
- 2 April 2007 - Result of EGM
- 30 March 2007 - Pension Guarantee
- 12 March 2007 - Placing & Trading Update
Please note that all documents are available in UK English only.

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Financial Calendar

April 2009	Preliminary Results 2008
May 2009	Annual Report 2008
June 2009	Annual General Meeting (AGM)
September 2009	Interim Results 1st Half 2009

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Key Information

EPIC Code	GOI
Status	Alternative Investment Market Listed
Sector	Support Services
Activities	Provides valuations and traditional and online auctions of surplus industrial machinery and equipment
Year end	31 December
Registered office	1-6 Lombard Street London EC3V 9JU United Kingdom (Registered in England and Wales)
Registered number	5381812
Country of incorporation	England and Wales
Main country of operation	United Kingdom

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Investor Documents

Download title	File
Consolidated half-year financial report 2008	Download
Business Strategy June 11th 2008	Download
Annual Report and Accounts for year ending December 31st 2007	Download
Circular - Proposed Acquisition of Dovebid Inc and the Proposed Raising of Equity of £18.5m	Download
Consolidated half-year financial report 2007	Download
Annual Report and Accounts for year ending December 31st 2006	Download
Annual Report and Accounts for year ending January 5th 2006	Download
Admission Document	Download
Articles of Association of GoIndustry DoveBid plc	Download
Memorandum of Association of GoIndustry DoveBid plc	Download

Please note that all documents are available in UK English only.

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Share Price & Holding

For information on our share price, please see our listing on the London Stock Exchange website

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GoIndustry DoveBid Directors

Board of Directors

Neville Davis, Non-Executive Chairman
Neville Davis was formerly Chief Executive of the Compel Group plc, an IT solutions business, which was quoted for 12 years prior to its sale in 2007. He held this position for over 20 years, growing the business from revenue of £5m (30 employees) to £300m (1300 employees) and optimising performance in both good and difficult market conditions. He is a Chartered Accountant, qualifying with Deloitte in London. Neville is also Chairman of Bluefin Solutions Limited, a privately held IT solutions and consultancy company.

John Allbrook, Chief Executive Officer
John joined GoIndustry as CEO in 2004. He led the company to its AIM listing on the London Stock Exchange in January 2006 and oversaw the acquisition of DoveBid in 2008. As a result, GoIndustry DoveBid has become the world's premier valuation, disposal, and asset management company.
John has been involved in equipment financing and asset management services for more than 20 years. He has extensive experience in corporate and strategic planning, acquisitions, and organic growth. He spent nine years at General Electric, during which time he was the Managing Director of GE - European Financing Solutions, and Commercial Director of GE Commercial Finance - Fleet Services.

David Horne, Chief Financial Officer
David Joined GoIndustry in 2006 as CFO, and played a major role in the acquisition of DoveBid.
David is a multi-lingual corporate finance director with extensive international experience. David was previously Group Finance Director of Huveaux PLC, the AIM listed media and publishing group and European Finance Director of BSMG Worldwide, the international PR agency. He qualified as a Chartered Accountant with Price Waterhouse in Canada and has over 20 years' post-qualification experience.

David Bailey, Non-Executive Senior Independent Director
David Bailey was a stockbroker with Phillips and Drew for 18 years from 1970, specialising in equity and derivative markets. Since 1988, he has been a non-executive director of a number of public and private companies, including Appleyard Group plc, Hay & Robertson Group plc, Finsbury Asset Management Ltd and Sutherlands (Stockbrokers) Ltd. He is currently Deputy Non-executive Chairman of DataCash Group plc, the AIM listed payment service provider, and a Non-executive Director of Sport Media Group plc, the AIM listed multi-media publisher.

David MacNamara, Non-Executive Director
David MacNamara was a market maker for 25 years specialising in UK smaller companies. He was a director of NatWest Investment Bank and a founding director of Winterflood Securities, a wholly owned subsidiary of Close Brothers Group plc. Until his retirement in 2004 he was Joint Chief Executive of Winterflood Securities and an executive director of Close Brothers Group plc.

Kamal Advani, Non-Executive Director
Kamal Advani is currently a Managing Director at Internet Capital Group, Inc. (NASDAQ: ICGE). In this capacity, Kamal holds directorships with Freeborders, Inc., Marketron International, Inc. and Qcorps Residential, Inc. Prior to this Kamal was with Advanta Corporation Inc. (NASDAQ: ADVNA) where he held several positions including Senior Vice President and Chief Financial Officer of Advanta Business Cards, a leading issuer of credit cards to small businesses. Earlier in his career, Kamal was a senior manager in the financial advisory services group at Coopers & Lybrand (now part of PricewaterhouseCoopers LLP), where he provided financial consulting services to a broad range of companies in connection with mergers, acquisitions, financing transactions and business reorganisations.

Audit Committee Members & Responsibilities

Neville Davis, Non-Executive Chairman
David Bailey, Non-Executive Senior Independent Director
Kamal Advani, Non-Executive Director
David MacNamara, Non-Executive Director

The Audit Committee meets no less than three times annually and provides a link between the board and the Group's auditors on matters falling within the scope of the Group's audit. These matters include accounting standards and policies, internal financial control procedures and the Group's financial statutory reports, which are intended for publication. A formal statement of independence is received from the external auditors each year.

Remuneration Committee Members & Responsibilities

Neville Davis, Non-Executive Chairman
David Bailey, Non-Executive Senior Independent Director
Kamal Advani, Non-Executive Director
David MacNamara, Non-Executive Director

The Remuneration Committee determines the salaries and benefits of executive directors, taking into account:

the need to pay salaries comparable to those of competitor companies;
the provision of related benefits which include medical insurance and insurance related to the directors' duties;
the need to link individuals to the long-term success of the Group through the award of share options with amounts allocated determined by importance of the role and performance of the executive concerned
the use of a profit-related incentive scheme to reward individual contribution to attainment of profit targets.

The board reviews the salaries and benefits of the executive directors each year by considering the recommendations of the Remuneration Committee and having regard to personal performance, affordability and comparable pay levels in the market.

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Shareholders (Information last updated 12 November 2008)

Shares in issue: 467,419,297m 5p Ords (Excludes 4,238,860 ordinary shares held in treasury)

GoIndustry DoveBid plc
Significant Shareholders

Number of shares held

% Holding

ICG Holdings

Atlas Funds

Fidelity

HBOS plc

AXA

Ashford Capital

133,832,852

70,625,328

60,252,629

40,668,258

23,826,381

18,045,281

28.63

15.11

12.89

8.70

5.10

3.86

Shares not in public hands

Number of shares

% Holding

Treasury shares

Directors

ICG Holdings

Atlas Funds

4,238,860

7,760,077

133,832,852

70,625,328

0.91

1.66