26th Nov 2025 10:58
(Alliance News) - Connecting Excellence Group PLC on Tuesday said it intends to list on the Aquis Stock Exchange Growth Market and raise at least GBP1.5 million to support its bitcoin-focused treasury strategy and expansion plans.
The Leeds-based international executive recruitment firm said admission is expected on or around December 9 under the ticker XCE.
The fundraising will be conducted through a placing and subscription at 2.1 pence per share, with an additional retail offer to follow via the Winterflood retail access platform, or WRAP.
Connecting Excellence said the proceeds will help accelerate its long-term bitcoin reserve strategy. The group currently holds 9.27 bitcoin acquired at an average cost of GBP37,500 each.
Its core recruitment arm, Spencer Riley, delivered GBP1.5 million in revenue and GBP659,000 in gross profit in the last financial year and has achieved a 37% compound annual growth rate since 2021.
Chief Executive Officer Scott Ellam said the listing would bring "the UK's first international executive recruitment group built on a bitcoin standard" to market and help "attract top talent through performance-based equity incentives".
By Eva Castanedo, Alliance News reporter
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