London Stock Exchange today welcomed NAHL Group Plc to AIM
London Stock Exchange today welcomed NAHL Group Plc to an opening ceremony, marking the admission of its shares to trading on the AIM market.
NAHL is a leading UK consumer marketing business focused on the UK personal injury market, advertising through its core brand -
National Accident Helpline. Having been established in 1993, the Group's business has grown to become the largest outsourced marketing services provider to the personal injury market - and, according to market research, ranks as the most recognised, most searched for and most trusted brand in the UK personal injury litigation market, a market which is valued at approximately £3 billion in fees generated mainly by law firms.
The Company has conditionally raised £2.3 million (before expenses) through a placing of ordinary shares of £0.0025 each. Based on the Placing Price, the market capitalisation of NAHL Group on admission of the Ordinary Shares to trading will be approximately £82.3 million.
Russell Atkinson, Chief Executive Officer of NAHL Group, said:
"We are delighted to announce that our IPO has been successfully received and that investors have recognised the potential that exists for further growth in our market. NAHL is a leading provider of marketing services in the UK personal injury market and we believe that today’s listing will enhance the Company's position as the market leader. We look forward to building on our position to create significant value for our shareholders as a listed company."
Espirito Santo Investment Bank acted as financial adviser, Nominated Adviser and broker to the Company.