New standard listing: Beacon Rise’s unheralded float

Beacon Rise Holdings does not appear to want too many people to know that it has gained a standard listing. A prospectus has been published as required, but there was no indication of the float on the regulated news service. Broker Hybridan did flag the flotation.

There is no broker or financial adviser mentioned in the prospectus. The solicitor is Dentons, accountant is PKF Littlejohn and the registrar is Avenir Registrars.

Nine shareholders own the company with the chief executive owning nearly three-quarters. This does not seem to be a flotation designed to attract share trading. On ...

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