Identity technology business GBG expects to be admitted to the main market of the London Stock Exchange on Thursday 30th October.
In a notice to the LSE this morning, it said “good progress” has been made “with respect to the workstreams required to support the group’s move to the ESCC segment of the Official List of the FCA and to trading on the main market of the London Stock Exchange”.
Currently listed on the junior AIM market, Chester-headquartered GBG says admission is not conditional upon shareholder approval.
GBG, led by CEO Dev Dhiman, employs more than 1,100 people and serves more than 20,000 customers globally.
It also says this morning that trading in the year-to-date has been in line with the board’s expectations.
In March it reported a return to full-year profitability on revenues of £287.7m.
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“Taken together with the current sales pipeline for the remainder of the year, the board is confident that GBG will deliver on its full year revenue outlook, which is consistent with current market expectations,” it stated.
GBG expects to report its first half results on Tuesday 25th November.
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