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Gamma Communications trading shifts to Main Market
(Sharecast News) - Gamma Communications announced the successful admission of its ordinary shares to the Main Market of the London Stock Exchange on Friday, marking a significant milestone in the company's development. The company confirmed that trading of its shares on AIM had now been cancelled.
Its move followed an earlier announcement on 25 April, and saw Gamma's shares admitted to the Equity Shares (Commercial Companies) category of the FCA's Official List.
The company confirmed that no new shares or other securities were issued in connection with the admission.
Gamma, a provider of technology-based communication services across Europe, said its ordinary shares would continue to trade under the existing ISIN GB00BQS10J50 and ticker symbol GAMA.
"Since our admission to AIM in 2014, we've delivered strong financial and operational growth, transitioning from a UK-based company into a leading European business," said chief executive officer Andrew Belshaw.
"We would like to extend our thanks to our dedicated investors, employees, customers, partners, and advisers for their continued support in helping us reach this important milestone.
"As an established business with a strong track record for high recurring revenue, strong margins, and high cash generation, we believe the move to the Main Market will best support the delivery of our long-term strategy and offer the appropriate listing for a company of our scale and ambition."
At 1213 BST, shares in Gamma Communications were up 2.02% at 1,356.88p.
Reporting by Josh White for Sharecast.com.
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