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Connecting Excellence Group PLC on Tuesday said it intends to list on the Aquis Stock Exchange Growth Market and raise at least £1.5 million to support its bitcoin-focused treasury strategy and expansion plans. The Leeds-based international executive recruitment firm said admission is expected on or around December 9 under the ticker XCE. The fundraising will be conducted through a placing and subscription at 2.1 pence per share, with an additional retail offer to follow via the Winterflood retail access platform, or WRAP. Connecting Excellence said the proceeds will help accelerate its long-term bitcoin reserve strategy. The group currently holds 9.27 bitcoin acquired at an average cost of £37,500 each. Its core recruitment arm, Spencer Riley, delivered £1.5 million in revenue and £659,000 in gross profit in the last financial year and has achieved a 37% compound annual growth rate since 2021. Chief Executive Officer Scott Ellam said the listing would bring ‘the UK’s first international executive recruitment group built on a bitcoin standard’ to market and help ‘attract top talent through performance-based equity incentives’. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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