Sportingbet moves shares to London Stock Exchange
Sportingbet has transferred its entire issued ordinary share capital to the London Stock Exchange (LSE).
SPORTINGBET has transferred its entire issued ordinary share capital to the London Stock Exchange (LSE).
The plan to move to the LSE main market from the Alternative Index Market (AIM) junior bourse was announced in October 2009, and last month saw Sportingbet announce cancellation of its AIM shares as of “on or around 14 May”.
Main market dealing in the circa 502m ordinary shares in issue became effective from 8.00 BST today.
Chief executive Andrew McIver said: “We believe that the Official List is the most appropriate platform for the continued growth of the company by increasing Sportingbet’s profile, assisting in the liquidity of the company’s shares and providing a greater range of potential investors.”
Sportingbet expects to be eligible for inclusion in the FTSE Indices at the September 2010 review.
The news follows a week after racing technology and TV business Alphameric plc announced that it would move from the main market to AIM following the sale of its technology arm to Orbis.