GB Group flags steady trading ahead of Main Market switch

(Sharecast News) - Identity technology business GB Group said on Tuesday that it has made "good progress" with respect to the workstreams required to support its move to the ESCC segment of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange. GB Group expects admission to occur on 30 October, at which time its shares will be cancelled on AIM. Admission was said to be subject to FCA and London Stock Exchange approval. It also noted that admission was not conditional upon shareholder approval.

In terms of recent trading, GB Group confirmed that year-to-date trading has been in line with internal expectations and, when taken together with its current sales pipeline for the remainder of the year, the firm was confident that it will deliver on its full-year revenue outlook, which was consistent with current market expectations.

As of 1025 BST, GB Group shares were up 5.50% at 233.67p.





Reporting by Iain Gilbert at Sharecast.com