Macaulay Capital is run by an experienced investment team that has worked at Chelverton Asset Management, so it has expertise in the smaller end of the market. It is focusing on smaller companies with solid businesses that are too small to attract institutional investors. The flotation will provide access to additional cash and increase the profile of the company.
An initial investment has been made in a food manufacturer, which has also provided income for the company.
The shares ended the first day of trading at 21p (20p/22p), although there were no trades. All shares have all been issued at...
