RM2 International to float on AIM
Wednesday 18 December 2013
The biggest float of the year on the junior AIM market was announced today.
Anglo-Swiss pallet maker and supplier RM2 International has recruited list of directors to its board.
These include its chairman Ian Molson, former chair of the eponymous Canadian brewer, Sir Sturat Rose, former chief executive of Marks & Spencer and Paul Walsh , former chief executive of drinks giant Diageo.
RM2 is raising £137 million through the issue of new shares which it plans to use to expand its production capacity and to fund the production of more pallets for rental and sale.
When its shares start trading early in the new year it will have a total market value of £278 million.
Chief executive John Walsh said: “Admission will give us the ability to turn a meticulously developed and tested pallet and logistics approach - for which we believe there is a clear demand - into an operation of real scale.”
RM2 was advised by Cenkos Securities.
- 1 Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
- 2 The secret report that helps Israelis to hide facts
- 3 Danish TV reporter is all business up top, all party down below
- 4 Ross Burden dead: MasterChef and Ready Steady Cook star, dies aged 45
- 5 Businessman charged £75 for three small bottles of water in London hotel
The secret report that helps Israelis to hide facts
A day in the life of Vladimir Putin: The dictator in his labyrinth
Were 'Poor Doors' added to mixed developments so wealthy residents don't have to go in alongside social housing tenants?
A new Russian revolution: The cracks are starting to appear in Putin’s Kremlin power bloc
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Opponents of Israel's military operation in Gaza are the real enemies of Middle Eastern peace
iJobs Money & Business
Data Governance Manager (Solvency II) – Contract – Up to £450 daily rate, 6 month (may go Permanent)
£350 - £450 Per Day: Clearwater People Solutions Ltd: We are currently looking...
£500 - £560 per day: Orgtel: Java Developer FX - Banking - London - Up to £560...
£350 - £400 per day + competitive: Orgtel: My client, a leading bank, is curre...
£26000 - £30000 per annum + Benefits: Ashdown Group: Account Manager - (Produc...