11th Mar 2026 12:03
(Alliance News) - Tapir Holdings Ltd shares rose on its first day of trading on the AIM market in London.
Shares in Tapir were up 8.3% at 32.50 pence around midday on Wednesday in London.
Tapir, a strategic investment holding company, is listed on the Bermuda Stock Exchange, and is 76% owned by Chair Michael Ashcroft, the former deputy chair of the Conservative Party.
The firm's sole asset is its 10% stake in Rendeavour Holdings Ltd, which is held through its wholly owned subsidiary Tapir Venture Holdings Ltd.
Rendeavour is an investor in East and West African urban development projects and is one of the largest diversified pan-African land platforms, focused on providing infrastructure, planning and urban management to create satellite cities in East and West Africa.
Its shares will remain admitted to trading on the Bermuda Stock Exchange, but will become the secondary listing, with AIM the primary listing.
The firm said it will seek to achieve its investment objective through further investments in Rendeavour and in other development projects or quoted and unquoted companies with "suitable synergy across Africa".
Non-Executive Chair Michael Ashcroft said: "The commencement of trading on AIM marks an important step for the company. Admission provides a transparent and well‑regulated platform from which to pursue our investment objective and build long‑term value for our shareholders. The board looks forward to progressing our strategy and updating the market as we make further developments."
By Michael Hennessey, Alliance News reporter
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