Breedon Group plc today began trading on the main market of the London Stock Exchange and its ordinary shares on the alternative investment market (AIM) are cancelled.
STRATEGY
On admission, the company’s issued ordinary share capital will be 338,901,668 ordinary shares.
Chief executive Rob Wood said the move marked a significant moment in the company’s history.
“Being a member of AIM has served us well.
“For over a decade, AIM has provided us with access to diverse and engaged investors within a supportive community that understands the needs of entrepreneurial businesses such as Breedon. We thank them wholeheartedly for their support.
“As an established business with a track record for growth and value creation, we believe the move to the Main Market will support Breedon in the delivery of our long-term strategy and offers an appropriate listing for a company of our scale and heritage.”