(Reuters) -British veterinary services provider CVS Group said it plans to move its listing from the Alternative Investment Market to the London Stock Exchange’s Main Market, while also approving a new 20 million pound ($26.84 million) share buyback. The board believes the Main Market listing would broaden the company’s investor base, improve liquidity, and position CVS […]
Health
UK’s CVS Group plans Main Market move, approves near $27 million buyback
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(Reuters) -British veterinary services provider CVS Group said it plans to move its listing from the Alternative Investment Market to the London Stock Exchange’s Main Market, while also approving a new 20 million pound ($26.84 million) share buyback.
The board believes the Main Market listing would broaden the company’s investor base, improve liquidity, and position CVS for potential inclusion in major indices, Chair David Wilton said in a statement on Friday.
The move reflects a broader trend of British AIM companies, such as Serica Energy and Ashtead Technology, seeking to move to senior listings to access deeper capital pools.
The Diss, Norfolk-based company, which has been listed on AIM since October 2007, said it expects admission to the Main Market in the first quarter of 2026, subject to regulatory approval from the Financial Conduct Authority.
($1 = 0.7451 pounds)
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Rashmi Aich)