Ramsdens Holdings PLC, the diversified financial services provider and retailer, is pleased to announce that admission of its ordinary shares to trading on the AIM market of the London Stock Exchange will take place and dealings will commence at 8.00am today under the ticker “RFX”.
Ramsdens raised a total of GBP15.6 million via the issue of shares on AIM at 86.00 pence apiece. Its market capitalisation upon admission was £26.5 million.
CEO Peter Kenyon said the following about the float:
“Ramsdens is an established, diversified and cash-generative business with a recognised and trusted brand. The group has a large, growing and repeat customer base and a clear strategy to deliver a number of growth opportunities.
We are pleased with the strong response to the placing on Aim, reflecting investors’ recognition of the group’s exciting prospects. We look forward to creating value for existing and new shareholders as a public company.”
Ramsdens has 127 stores in the UK offering foreign currency exchange, pawnbroking loans, precious metals buying and selling and retailing of second hand and new jewellery.
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