Brooks Macdonald has moved its listing from the Alternative Investment Market (AIM) to the main market of the London Stock Exchange.
The move, announced in a trading update this morning (28 March), is aimed at “broadening” the wealth manager’s shareholder base.
Brooks Macdonald has been listed on AIM since 2005. In January, it revealed plans to move from AIM to the LSE main market on the back of strong financial results.
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Andrea Montague, Brooks Macdonald chief executive, said: “As we join the Main Market of the London Stock Exchange, I want to thank our IFA partners and clients who have placed their trust in our incredible team to provide consistent service, strong returns and innovation.
“The move will enhance the Group’s corporate profile and broaden our shareholder base. This marks the start of a new chapter, and I am excited about us making the most of the opportunities in the UK wealth market to deliver for all our stakeholders.”
The company said it “does not intend to raise any funds or offer any new ordinary shares”.
Its ticker will continue to be BRK following admission to the main market.