Knights added to FTSE AIM 50 Index
Professional services group Knights, which has offices across the Midlands, has been added to the FTSE AIM 50 Index.
Since it floated on the Stock Exchange in June 2018, the rapidly expanding firm has seen its outstanding share value increase by 254 per cent from £103.5 million to £365.99 million. Its share price has also risen by 244 per cent since 2018.
The group’s entry into the FTSE AIM 50 Index has been partly facilitated by a high-profile merger between Northgate and Redde.
The change will be effective from 21 February.
Knights has been on the acquisition trail in recent months, notching up three purchases since the beginning of the year. In January, the company snapped up Birmingham law firm ERT Law in a deal worth £1.8 million, before completing the purchase of specialist housing and commercial real estate law firm Croftons Solicitors earlier this month. Last week, it made a sensational £8.3 million swoop for Nottingham-based Fraser Brown.
In a statement released to media, Knights said that shares have “reacted positively” off the back of its latest announcement and are currently up c.2.3 per cent this morning (19 February).