Debut day price rise for Hunters
HUNTERS PROPERTY has had a very successful debut on the AIM, with share prices jumping just over 10p on their first day.
The York-based firm opened at 60p and closed the day at 70.5p, an increase of 18%.
Hunters is planning on having a network of 500 offices by 2020 as part of extensive growth plans.
Ed Jones, Hunters Property chief financial officer said: “This is an immensely exciting day for Hunters.
“Listing on AIM is a major step forward in our expansion plans: with access to further capital we see significant opportunity to increase our market penetration and strengthen our position as one of the UK’s favourite estate agency brands.
The Leeds team of Mazars has been contracted as Hunters’ auditor going forward, after helping them successfully launch on the stock market.
Richard Metcalfe, Mazars’ UK head of capital markets said: “We are delighted to support such a big name in the Yorkshire and UK property sector during this exciting period of development for the business.
“We wish them every success with their future growth strategy and are looking forward to working closely with them to provide auditing and assurance support.”
Hunters opened its first branch in York in 1992 and now has 153 branches nationwide, of which 142 are franchises. In 2014, it opened 31 branches and it has almost matched that number in the first half of this year.
