StockMarketWire.com - Cable-protection system provider Tekmar Group confirmed it would list on AIM on Wednesday with a market capitalisation of around £65m.

The listing comes after the company raised £61.8m, to acquire Tekmar Ltd, pay down debt and provide around £10m for future expansion and acquisitions.

'Today is an historic day for Tekmar, marking the start of the next phase of our planned expansion and development,' chief executive James Ritchie said.

'Being an independent quoted company brings additional advantages and prestige to the group and we firmly believe it will enable us to accelerate our growth and maximise our potential.'


At 8:15am: [LON:TGP] share price was +157.5p at 157.5p



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