London Stock Exchange welcomes Bridge Energy ASA to AIM
Thursday 27th September 2012
London Stock Exchange is delighted to welcome Bridge Energy ASA to AIM today.
Bridge Energy is an independent oil and gas exploration and production business with activities in both the UK and Norway. Incorporated in Norway, the Company was listed on Oslo Axess on 21st May 2010. The Group is a growth business and has plans to increase both production and resources through a balanced programme of acquisition, exploration and development, using its existing portfolio as a foundation.
The Group’s trading symbol is BRDG.L and the market capitalisation of the Group following the Admission is c. £75m. The total number of Ordinary Shares in issue at Admission was 63,429,169 and Cenkos Securities acted as Nominated Adviser and Broker to the Group.
Commenting on the successful Admission to AIM, Tom Reynolds, Chief Executive Officer of Bridge Energy commented:
“I am very pleased to announce the first day of dealings of our shares on AIM; it is another very important step in realising our strategy of becoming an established, mid-cap exploration and production company.
“We feel that this is the right time to bring the Company to AIM in order to further support the next stage in Bridge’s development I would also like to thank our existing shareholders for their continued support and I look forward to welcoming new investors from the London market.