RSM Tenon clears the way for quicker deal making

Nicola Brittain
clock

RSM Tenon is to transfer its listing category on the AIM stock market from 'premium' to 'standard' in a bid to create the regulatory flexibility required to easily buy and sell assets.

It will announce full details of the strategy alongside its full year results in October. The move follows a turbulent 12 months for the company with a shock profits warning in January, as well as a number of board and management changes over recent months. These have included the appointment of Chris Merry as CEO to replace Andy Raynor and more recently the appointment of Tim Ingram to replace Adrian Martin as chairman. As a ‘premium' listed company RSM Tenon has had to conform to the 'super-equivalent' provisions of the listing rules. These required it to seek prior shareholde...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

The advice/guidance boundary review: More shades of grey?

The advice/guidance boundary review: More shades of grey?

'The feedback to the FCA is clear: rules are preferred to guidance'

Nina Cherry and Aneta Murdza
clock 09 April 2024 • 4 min read
Unauthorised director to hand investors £1.6m following FCA probe

Unauthorised director to hand investors £1.6m following FCA probe

Amount secured for investors by the FCA following High Court approval

Isabel Baxter
clock 04 April 2024 • 1 min read
Advisers sound positive note on LTA changes but flag need for support

Advisers sound positive note on LTA changes but flag need for support

The LTA will be abolished this week at the end of the tax year

Hope Coumbe
clock 02 April 2024 • 1 min read