24th Feb 2014 10:02
LONDON (Alliance News) - Gulf Keystone Petroleum Ltd, the third-biggest stock on London's AIM market by market capitalisation, Monday said its delayed move to the Main Market will take place next month.
The oil and gas company had first flagged a move to the Main Market in February 2012, saying its increased size meant it was more suited to that market. Last September, it appointed Deutsche Bank to help it with the move, which it had hoped to take place by the end of 2013.
In a statement Monday, Gulf Keystone said it now expects to start trading on the Main Market on or after March 24, and will issue a prospectus ahead of that.
Online fashion retailer ASOS is bay far the biggest AIM-listed stock and has pledged to stay on the index for the time being, saying there's no reason for it to move. The second-biggest stock by market capitalisation is Quindell PLC, the provider of software for insurance and telecoms companies.
Gulf Keystone shares were up 3% at 156.25 pence Monday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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