22nd Jan 2016 08:07
LONDON (Alliance News) - Market Tech Holdings PLC on Friday announced a series of changes to its board as it published its prospectus ahead of its move to London's Main Market.
The company will move to the Main Market on January 27 from AIM and will not be raising any funds as it makes the change. The company's current market capitalisation is GBP894.8 million, meaning it would be large enough to be included in the FTSE 250 when the next quarterly review takes place in March.
Ahead of the move, Market Tech, which owns and operates the main Camden markets in north London, said it has appointed David Brown as its chief financial officer, effective from March 2016. He joins from his role as corporate finance director at Greene King PLC, the FTSE 250-listed pub operator.
He will replace Andrew Bull, who will step down from the board but will remain with the company as real estate finance director.
In addition to Brown, the company has appointed Georg Bucher head of corporate development, effective from February 1, and has hired Sharon Baylay as an independent non-executive director, also from February 1.
Shares in Market Tech were up 3.8% to 191.00 pence early Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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