Elixirr set to move to Main Market on 1 July

(Sharecast News) - Elixirr International confirmed in an update on Friday that it expects to transfer its listing from AIM to the Main Market of the London Stock Exchange on 1 July. The consultancy firm, which first announced plans for the transition earlier in the year, said preparations were progressing as planned.

It said it intended to join the Equity Shares (Commercial Companies) segment of the Official List, reflecting what it described as the increasing scale, maturity, and ambition of the business.

On the date of admission, trading of Elixirr's shares on AIM would be cancelled.

The move remained subject to regulatory approval, including the Financial Conduct Authority's approval of a prospectus and admission of the shares to the Official List, as well as acceptance by the London Stock Exchange for trading on the Main Market.

The transfer would not require shareholder approval.

At 0914 BST, shares in Elixirr International were down 0.99% at 762.4p.

Reporting by Josh White for Sharecast.com.