Lamprell Makes Move to London Stock Exchange
Lamprell has been involved in a proposed move from the Alternative Investment Market ("AIM") to the Main Market.
At the time of its IPO, the Directors stated that they intended to consider a transfer of the Company's listing to the Main Market when appropriate. Lamprell reported that, subject to regulatory approvals, it intends to seek a primary listing of its ordinary shares on the Official List of the UK Listing Authority and move to trading on the London Stock Exchange plc's Main Market for listed securities. It is expected that this will occur towards the end of this calendar year. JPMorgan Cazenove will be acting as Sole Sponsor and Broker to the listing.
The Company has grown significantly since admission to AIM in October 2006 and the Board now considers the Official List to be a more appropriate platform than AIM for the continued growth of the Group.
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- Lamprell Expects Challenging Environment to Continue Through 2017 (Sep 22)