News

PTSG to float on London Stock Exchange

PTSG, a leading West Yorkshire-based specialist services provider with ten operational bases around the UK, is pleased to announce that an application has been made for Admission of the entire issued share capital to trading on AIM, a market operated by London Stock Exchange plc. Admission is expected to become effective and dealings in the Ordinary Shares to commence tomorrow, Wednesday 11 February 2015 under the ticker symbol PTSG.L

Investment Highlights

N+1 Singer Advisory LLP (“N+1 Singer”) is acting as Nominated Adviser to PTSG and Sole Broker to the Placing.

Commenting on the successful placing Paul Teasdale, Chief Executive of PTSG, said:

“We are delighted to become the first Yorkshire-based business to IPO during 2015. Since PTSG was established in 2007, we have grown year-on-year and we have chosen to IPO with a view to accelerating that growth. With approximately 2,000 individual contracts, many of those on multi-year terms and a high client retention figure of around 85 per cent on annual orders, our portfolio of services and customer base provides significant cross-selling opportunities to complement our strategy of growth by acquisition. Despite our success to date, we are acutely aware of the need continually to reinvest in the business to promote future growth, something which we are confident the IPO can help us to achieve.”

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