Beeks Financial Cloud’s anticipated market capitalisation on AIM admission is £24.5 million
The admission of 49,000,000 Ordinary shares of £0.00125 each at an issue price of 50.0 pence per share is planned.
Beeks Financial Cloud has plans concerning LSE’s AIM market, as per an official filing submitted earlier today.
The admission of 49,000,000 Ordinary shares of £0.00125 each at an issue price of 50.0 pence per share is planned. No Ordinary Shares are, or will be held, in treasury. The Ordinary Shares will be freely transferable and have no restrictions as to transfer placed on them. The proportion of AIM securities not in public hands at admission is 61.8%.
The capital to be raised on admission is put at £7 million, whereas the anticipated market capitalisation on admission is £24.5 million.
The expected admission date is November 27, 2017, with Cenkos Securities to act as nominated adviser and broker.
Beeks Financial Cloud is a niche cloud computing and connectivity provider for automated trading in Forex and Futures financial products. The Beeks platform has been specifically designed for latency sensitive automated trading environments and provides ‘on demand’ low latency computing resources to its clients through its direct connectivity to the leading Financial Exchanges across the world.
The group, headquartered in Glasgow, operates from nine operating datacentre locations in London, New Jersey, Chicago, Frankfurt, Tokyo and Hong Kong. Each is connected via a dedicated fibre network and Beeks has connections to various Financial Exchanges including CME and CBOE and a number of Trading Venues.
For details on significant shareholders, please, see below: