7th Oct 2026 10:27
(Alliance News) - Chaleit Holdings PLC on Wednesday started trading on London's AIM market, as it highlighted a "substantial" opportunity to build its expertise, and cited the evolution of artificial intelligence.
The Cambridge, England-based cyber security consultancy said it raised about GBP2.1 million gross at an issue price of 50 pence per share. Of this, around GBP1.1 million was raised via placing 2.0 million new shares and a direct subscription for 190,000 new shares.
Chaleit shares were 10% higher at 55p each on Wednesday morning in London.
Further, 2.0 million existing shares held by Founder & Chief Executive Officer Dan Haagman have been sold to new investors at the issue price.
The company on admission had 22.5 million new shares and a market capitalisation of around GBP11.2 million.
Chair Ken Ford said: "Today marks an exciting milestone for Chaleit as we take the next step in our development and begin trading on AIM. We have been working towards this flotation for the last five years and have now got the company to the stage where in our current financial year, and we are well set for continuing growth. I would like to thank everyone who has supported us in reaching this point and we are looking forward to our next stage of our growth and building the business for the long term value of our shareholders."
CEO Dan Haagman said: "Cyber security is an enduring requirement for every organisation, particularly with the evolution of AI, increasingly complex technology environments and a tighter regulatory environment. We see a substantial opportunity to build on our expertise, broaden the work we undertake for existing clients and develop new relationships in the UK and internationally. Coming to AIM gives us a strong platform for the next phase of our growth story, while allowing us to retain the specialist, client focused approach that sets us apart."
Chaleit's Chief Financial Officer & Chief Operating Officer is Jody Hyde.
By Tom Budszus, Alliance News slot editor
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