23rd Dec 2015 07:53
LONDON (Alliance News) - Paysafe Group PLC on Wednesday started trading on the Main Market of the London Stock Exchange, while Market Tech Holdings PLC outlined its plans to leave AIM and make the same move.
Paysafe, formerly called Optimal Payments PLC, completed the reverse takeover of digital payments peer Skrill in August this year, substantially increasing its size.
Following that deal, it tabled plans to abandon AIM and join the Main Market and, based on its current market capitalisation of GBP1.67 billion, should be eligible for entry to the FTSE 250 in the next quarterly review.
Also intending to leave AIM and join the Main Market is Market Tech Holdings, a property owner and manager focused on the main Camden Markets properties in North London.
Subject to regulatory approval, it will join the Main Market on January 27 and, with a market capitalisation of GBP993.2 million, should also be a contender for the FTSE 250.
By Sam Unsted; [email protected]; @SamUAtAlliance
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