Camden Market owner seeking main market admission

23rd Dec 2015 08:21

(ShareCast News) - The proprietor of one of the capital's busiest attractions was seeking cancellation of its AIM listing this week, and hoping for acceptance onto the main market.Market Tech - owner of London's iconic Camden Market - made the announcement on Wednesday morning, saying it intended to apply for admission to the official list.Market Tech said it expected the company's ordinary shares to be cancelled on AIM and simultaneously admitted to the main market around 27 January 2016, subject to receiving the necessary approvals from the UK Listing Authority and the London Stock Exchange.Shore Capital and Corporate, and Canaccord Genuity were appointed as joint financial advisors in relation to the admission. Market Tech said they would continue to act as joint brokers to the company following admission.The company began when Israeli billionaire Teddy Sagi started buying up parcels of land in the Camden Market area in 2014. It began trading on AIM in December."Market Tech combines the iconic Camden Market real estate assets with digital technology to deliver a living, working, retail and leisure environment", the company said in a statement.