Parity achieved: Recruiter raises £7m and switches shares to AIM
5 July 2013
IT recruiter and technology services provider Parity Group has completed its planned switch from the London Stock Exchange to the Alternative Investment Market (AIM).
Fri, 5 Jul 2013
IT recruiter and technology services provider Parity Group has completed its planned switch from the London Stock Exchange to the Alternative Investment Market (AIM).
This occurred at 8am today (5 July), as planned and scheduled in mid-May, with the company also placing 25,925,926 new shares in the company at 27p each, raising £7m before expenses.
Earlier in May, Recruiter heard that the switch would allow the recruitment firm to raise money for acquisitions more easily.
And equity analyst Adrian Kearsey told Recruiter: “One of the main reason why AIM has been so successful over the last 15 years is that companies are able to go to investors without having to produce huge amounts of costly documentation.”
IT recruiter and technology services provider Parity Group has completed its planned switch from the London Stock Exchange to the Alternative Investment Market (AIM).
This occurred at 8am today (5 July), as planned and scheduled in mid-May, with the company also placing 25,925,926 new shares in the company at 27p each, raising £7m before expenses.
Earlier in May, Recruiter heard that the switch would allow the recruitment firm to raise money for acquisitions more easily.
And equity analyst Adrian Kearsey told Recruiter: “One of the main reason why AIM has been so successful over the last 15 years is that companies are able to go to investors without having to produce huge amounts of costly documentation.”
