On-Air Now
Facebook

Manx Telecom to place on AIM

Wed, 05 Feb 2014


Manx Telecom has announced it will be listing on the Alternative Investment Market on the London Stock Exchange.

Hailing it as a 'new chapter' for the business the company says it expects to be admitted on February 10th.

The placing is expected to raise over £156 million - with shares being sold at a placing price of 142 pence.

Proceeds of the decision are intended to be used for the repayment of all outstanding senior debt and loans.

Manx Telecom says this will ensure a strong balance sheet structure to support the future growth of the business.


 

Subscribe to get Energy FM News direct to your mobile device

You can get Energy FM News delivered direct to your mobile device using one of the following methods.

  • In the Apple News App on iOS search for Energy FM IOM and then just add it to your favourites
  • In the Google News & Weather App just search for Energy FM and then add us as a customised section
  • If you use an RSS Reader then just add our feed to your app, click here for our news RSS feed