• Shares to be listed on Aim on 31 March 2025
• Significant costs savings expected
• Rated on seven times 12-month trailing operating profit to enterprise valuation
Shareholders in Creightons (CRL:26p), a Peterborough-based manufacturer of beauty products, have voted overwhelmingly in favour of delisting the shares from the main market and moving to the Alternative Investment Market (Aim). Zeus Capital has been appointed corporate broker and nominated adviser to the company.
The move to London’s junior market is expected to deliver a significant cost saving, both financially and in management time. For instance, the cost and regulatory requirements of the main market have become progressively higher in recent years and are disproportionately burdensome for a business the size of Creightons. The £17.8mn market capitalisation company doesn’t benefit from its shares being included in index tracker funds, nor does the board expect such inclusion in the near future.