Breedon makes move to Main Market
Breedon, the Leicestershire building materials supplier, has moved up to the Premium Listing Segment of the Main Market of the London Stock Exchange.
As previously reported, the firm will make the move from 8am today (17 May), when it will cancel all trading of shares on the AIM market.
Breedon bosses think the move, which could happen by the second quarter of the year, would enhance the company’s corporate profile and recognition, as well as extending the opportunity to invest in the group to index tracker funds and a broader group of international institutional shareholders.
Rob Wood, chief executive officer, said: “Today marks a significant moment in Breedon’s history as we celebrate our move from AIM to the Premium Listing Segment of the Official List and to trading on the Main Market of the London Stock Exchange.
“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. We look forward to our future as a Main Market company.
“This would not have been possible without the hard work and determination of everyone at Breedon, and I would like to thank all of my colleagues for their continued support.”