22nd Jan 2020 09:51
(Alliance News) - Promotional products-focused software firm Pebble Group PLC said its 2019 results, its first since beginning AIM trading, will be in line with expectations.
"The group has maintained good momentum since its successful IPO and admission to trading on the AIM market of the London Stock Exchange on December 5, and the board looks ahead to 2020 positively," it said.
Pebble began life on the LSE's AIM market after raising about GBP135 million in its initial public offering.
Pebble placed 75.4 million shares at a price of 105 pence each, with existing shareholders selling a further 53.5 million shares, at the same price. The new shares raised GBP79 million, while existing shareholders pocketed GBP56 million.
"Joining AIM is another landmark on the development of our group, allowing us to invest more readily in the future growth and development of the business and enable us to incentivise our people and maximise our potential," Chief Executive Christopher Lee said at the time.
Pebble shares were up 1.4% in London on Wednesday morning at 149.50p each.
By Eric Cunha; [email protected]
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