14th Mar 2014 09:16
LONDON (Alliance News) - C A Sperati PLC Friday, which is preparing for its move to AIM from the London main market, said it sold its freehold property for GBP415,000 and has made a number of changes to its board since November.
The buttons and bows merchant said it has applied to cancel its share listing on the main market of the London Stock Exchange and start trading on the Alternative Investment Market instead. Admission to AIM is expected on March 24.
In an interim management statement for the period November 1 to date, the company said it appointed Non-Executive Chairman Jason Drummond as executive chairman and Nilesh Jagatia as finance director. Jagatia replaced Richard Woodbridge, who stepped down from the position on December 12 to pursue other interests.
During the period, the company also completed a share capital reorganisation whereby each existing share of 50 pence was split into 100 shares of 0.5 pence each;
The stock was trading at 8.00 pence Friday morning, up 2.00 pence or 33.3%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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