Taking Stock

Sanctuary, a management company in heavy rock music, tuned into the stock market after backing into quoted investment company Burlington. The shares closed at 24.5p against the 20p new shares were issued to raise pounds 5.3m. Warrants handed out as part of the revamp ended at 7p. Sanctuary runs 20 heavy metal and rock music acts. It also has a television production company. It owns 61 per cent of AIM-listed Sanctuary Music, unchanged at 67.5p.

Ofex continues to attract recruits. Renaissance Editions, handling metal sculptures and medallions, hopes to raise pounds 1.5m by offering shares at 10p and Supreme Plastics is raising pounds 266,500, selling shares at 65p. Ellis & Partners is stockbroker to Renaissance; Teather & Greenwood is Supreme's broker.