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Rosebank Industries PLC on Wednesday said it expects to join the FTSE250 index after moving to London’s Main Market next month. The London-based takeover vehicle is focused on industrial and manufacturing firms whose performance Rosebank thinks it can improve, similar to FTSE 100 constituent Melrose Industries PLC. Rosebank raised £50 million in its initial public offering on AIM back in July 2024, when the company placed 20.0 million shares at 250 pence each. Its shares traded 3.7% higher at 383.50p on Wednesday afternoon in London, but are down 26% over the past year. Rosebank in March outlined plans to move to the Main Market from London’s junior trading venue. On Wednesday, it said the move will come into effect on May 1, with April 30 being the last day of trading on AIM, conditional on regulatory approval. ‘The company anticipates inclusion in the next quarterly review of the FTSE 250 index, although inclusion remains subject to review by FTSE Russell,’ Rosebank added. Investec Bank PLC is sponsoring Rosebank in relation to the proposed admission. Rosebank Chief Executive Simon Peckham noted that the company’s acquisition of MW Components and CPM are progressing on schedule. Both are US-based industrial firms. Last month, Rosebank raised £1.9 billion through a share issue priced at 330p, alongside directors and certain senior Rosebank employees and associates subscribing for shares worth £12.3 million, to fund the acquisitions. This follows Rosebank’s acquisition of St Louis, Missouri-based Electrical Components International Inc, announced in August. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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