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CVS Group says to begin trading on Main Market on January 29

ALN

CVS Group PLC said it will begin trading on London’s Main Market from next month.

The Norfolk, England-based provider of veterinary services, currently on AIM, will trade on the equity shares (commercial company) category from January 29.

It will be eligible for FTSE index inclusion.

CVS, which announced plans for the move in October, has a market capitalisation of £862.3 million, which would comfortably slot it in the FTSE 250.

Shares in CVS Group fell 0.7% to 1,214.00 pence each in London on Thursday afternoon.

The company back in October said the switch to the Main Market will ‘provide access to deeper pools of capital across a broader range of investors, offer the potential for index inclusion, improve trading liquidity, and enhance the group’s corporate profile’. It does not plan to raise any funds as part of the admission, it said at the time.

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