24th Oct 2025 09:18
CVS Group PLC - Norfolk, England-based provider of veterinary services - Plans move to London Main Market in the first quarter of 2026, having been listed on the junior AIM market since 2007. CVS will be listed in the equity shares (commercial company) category of the official list, meaning it will be eligible for FTSE index inclusion. It has a market capitalisation of GBP1.02 billion, which would place it in the middle of FTSE 250-constituent sizes. CVS says a switch to the Main Market will "provide access to deeper pools of capital across a broader range of investors, offer the potential for index inclusion, improve trading liquidity, and enhance the group's corporate profile". It says it doesn't intend to raise funds as part of its admission to the Main Market.
CVS says the positive momentum of like-for-like sales performance in the fourth quarter of its financial year, which ended on June 30, has continued into the first quarter of financial 2026. It launches a GBP20 million share buyback programme on Friday, picking investment bank Berenberg to run it.
Current stock price: 1,348.00 pence, down 5.3% in London on Friday
12-month change: up 46%
By Tom Waite, Alliance News editor
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