Beeks Financial Cloud prepares for first day of dealings on AIM
Beeks unveils its admission to trading on AIM at 8:00 a.m. today, with dealings in its ordinary shares to trade under the ticker “BKS”.
A followup to FinanceFeeds’ earlier article on the listing plans of Beeks Financial Cloud Group plc.
In an official filing with the London Stock Exchange earlier today, the company announces its admission to trading on AIM at 8:00 a.m. today, with the dealings in its ordinary shares to trade under the ticker “BKS” (ISN: GB00BZ0X8W18).
The company said it had had raised a total of £7 million through a placing of 9,000,000 new ordinary shares and the sale by existing shareholders of 5,000,000 ordinary shares at a placing price of 50p.
The proceeds of this placing are set to be used by the company to accelerate growth and take advantage of new opportunities within the existing Beeks’ business. In addition, the directors intend to enter new geographical markets by adding additional data centres around the world, increase WAN capacity, and add more cross connects between brokers and trading venues. Also, Beeks will continue to enhance its self-service web portal and provide additional value added services to generate additional revenue from existing clients and attract new customers. The company plans to progress existing and new bolt-on and strategic acquisition opportunities.
Cenkos Securities plc is acting as nominated adviser and broker to the Company.
Gordon McArthur, CEO of Beeks Financial Cloud, commented,
“We are delighted to be joining AIM today in what marks a significant milestone for the Company. As a growing technology provider for automated trading, we believe that public company status and the new funds raised will enable us to accelerate our clear organic and acquisitive growth strategy.
“On behalf of the Board we would like to thank our clients, employees and shareholders for their support and we are excited about the prospects that lie ahead.”
The Company has 49,000,000 ordinary shares of 0.125 pence each in issue following Admission. This figure may be used by shareholders as the denominator for the calculation by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.
