Connaught to move shares on to the official list

Connaught, the property services provider in the social housing sector, has announced its intention to transfer its shares on to the London Stock Exchange’s official list.

Currently, Connaught is listed on the Alternative Investment Market (AIM) which is the junior portion of London’s share trading hub.

Mark Tinknell, chairman, said: “AIM has supported Connaught’s rapid expansion. We feel that it is now time to progress to the Official List to facilitate our further growth. We look forward to reporting further progress.”

The move is scheduled for 31 August, after Connaught has announced its annual results.

Stephen Hill has been appointed as Connaught’s new finance director. He has held a similar post with Serco since 2002 and before that he was European finance director at Black & Decker.

Connaught first listed on the AIM in 1998 and its annual turnover the following year was £55m. This has soared and currently stands at £240m.