AIM listing later this year as 98% of employee shareholders say yes
Shareholders in Cyril Sweett have voted in favour of a flotation on the junior stock market.
"We are very pleased that our employees have shown such strong support for the management’s plans"
98% of employee shareholders voted in favour of the move at an Extraordinary General Meeting held yesterday. The approval paves the way for the company to list on the Alternative Investment Market later this year, in a move that would make it the only quoted standalone quantity surveyor.
Dean Webster, Cyril Sweett chief executive, said: “We are very pleased that our employees have shown such strong support for the management’s plans for the company as we look to grow the business both in the UK and internationally. We are now able to work with our advisers to pursue a flotation on the Alternative Investment Market.”
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