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Betting technology firm Sportech has begun trading shares on AIM, the sub-market of the London Stock Exchange for small and medium-size growth companies.
The company began trading on July 28 at a price of £0.20 after switching from the Financial Conduct Authority’s Official List. It made the change to gain “greater flexibility” for corporate transactions, allowing the business to agree and execute transactions faster and with improved cost-effectiveness.
A proposal to switch to AIM was approved at Sportech’s general meeting on June 29. It has cancelled the admission of ordinary shares to the Financial Conduct Authority’s Official List and the London Stock Exchange’s Main Market.
