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...
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