6th Jan 2017 08:19
LONDON (Alliance News) - Air Partner PLC on Friday said it is proposing a share split in order to improve liquidity, reduce the percentage spread between bid and offer prices, and increase the attractiveness of its shares to investors.
The aviation services group said it believes its share price has risen to a point where it is appropriate to recommend that each share of 5.00 pence be split into five new shares of 1.00p each.
Shares in Air Partner were trading up 1.4% at 499.00p on Friday morning. Its shares are up 17% in the last year on the whole.
"A long-term aim of the board is to attract and retain a diverse shareholder base with an appropriate balance between retail and institutional investors for a public company listed on the premium segment of the London Stock Exchange," Air Partner said in a statement.
By Karolina Kaminska; [email protected]; @KarolinaAllNews
Copyright 2017 Alliance News Limited. All Rights Reserved.
Related Shares:
AIR.L