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London-based brewer and pub operator Young and Co has officially moved its entire share capital from the Alternative Investment Market (AIM) to the main market of the London Stock Exchange today (28 April).
News of the transition follows the company’s announcement last week (22 April) regarding the change in listing status. As a result, trading on AIM has been cancelled.
The company is not offering any new shares or securities in connection with the move. However, both ordinary shares and non-voting ordinary shares will retain their existing tickers and identification codes.
Total issued share capital consists of 38,026,087 ordinary shares and 22,909,609 non-voting ordinary shares. The group holds no shares in treasury, leaving total voting rights at 38,026,087.
Shareholders are advised to consult professional advisers regarding tax implications. According to Young’s, the move aligns the 19th Century company with the commercial companies category of the official list.
Steve Cooke, non-executive chair of Young’s, said: “Admission to the Main Market of the London Stock Exchange is a pivotal milestone for Young’s, aligning our listing with the scale, heritage and strong performance of the business in recent years.
“It enhances our capital markets profile and supports the next phase of our long-term growth strategy. On behalf of the Board, I would like to thank our shareholders for their continued support, and our talented teams for their dedication and contribution in reaching this point.”
