APQ Global admitted to AIM after listing on CISE

Guernsey-based emerging markets growth company APG Global admitted its entire share capital on AIM, the London Stock Exchange's junior market, on Friday after previously listing on the Channel Islands Securities Exchange authority (CISE).

The company issued over 78m ordinary shares at 100p per share, which will trade under the ticker APQ.

On 11 August the company listed on CISE with a market capitalisation of £78.1m, which included £60.9m raised by a placing with institutional and other investors.

APQ Global is aiming to steadily grow its earnings to deliver returns and capital growth through a combination of building businesses in emerging markets in Asia, Latin America, Eastern Europe, the Middle East and Africa, and earn revenue from income generating activities.

The company is to target an annual dividend yield of 6% based on the price the ordinary shares were placed at.

Non-executive chairman Bart Turtelboom, said the admission to AIM and CISE was a “a key milestone in the development” of the company and “emerging markets will offer tremendous opportunities in the years ahead”.

He added: “We believe that our business strategy is well-placed to pay a 6% dividend and deliver substantial growth in the book value of the company to our shareholders."