Sportingbet to Move to LSE’s Main Market in May

Sportingbet plc has this morning confirmed its intention to apply for admission to the official listing of the London Stock Exchange’s Main Market, expected to take place on Thursday May 14th, with the company also providing notice of its intended cancellation of trading of its shares on London’s AIM Market on the same day.

Sportingbet said it believes the official LSE Main Market listing is the most appropriate platform for the continued growth of the company by increasing Sportingbet’s profile, assisting in the liquidity of the company’s shares and providing a greater range of potential investors for the company.

Sportingbet said it expects the company’s ordinary shares, with a nominal value of 0.1 pence each, to be admitted to the official list and simultaneously cancelled on AIM effective on or around Thursday May 14th.

The admission is subject to receipt of the necessary approvals from the UK Listing Authority and the London Stock Exchange, which is expected to be received approximately 20 business days from today.