The Guernsey-based international Stock Exchange has secured its
first listing of a UK trading company.
UK floor coverings distributor Likewise Group plc raised
£7 million through a share issue and now has a market cap of
£12 million. It said the listing would give the company scope
to make further acquisitions and to expand into "a meaningful
flooring business".
"The Exchange has provided a pragmatic and cost-effective
route to going public and accessing the capital markets to raise
finance which can be used towards future acquisitions," said
Tony Brewer, CEO of Likewise.
Fiona Le Poidevin, CEO of The International Stock Exchange Group
(TISEG), said: "I am pleased to welcome Likewise onto TISE and
delighted that the team leading this UK-based company has chosen
TISE as their preferred route for obtaining a listing and raising
capital on a regulated exchange.
