London Stock Exchange welcomes Hunters Property plc to AIM
London Stock Exchange today welcomed to AIM, Hunters Property Plc, one of the largest national sales and lettings estate agency businesses in the United Kingdom.
The Group has traded under the Hunters brand since inception in 1992. Having started with just one wholly-owned branch, it first grew organically, by opening owned branches, and consisted of 10 branches by the end of 2005. From 2006, Hunters began expanding via franchising, and at the end of May 2015 had 151 branches. With its shares priced at 60 pence, the Company’s market capitalisation on admission is £16.9 million. Numis Securities is Nominated Adviser and Broker to the Company.
Commenting on the Company’s admission, Kevin Hollinrake, Chairman said: “Today marks an exciting moment for Hunters as it seeks to capitalise on its recent success to become the UK’s leading estate agency brand. By joining AIM we open up a new route to capital to support our ambitions and enhance our offering to existing and new franchisees. I would like to thank everybody who has been part of Hunters’ success story to date.”