SHARES in Scott Wilson Group plc began trading on the London Stock Exchange on March 15, following the placing of 43·1 million ordinary shares at 158p, raising £68·1m before expenses for the consultancy.
Brokers Brewin Dolphin also placed 2·2million ordinary shares, raising £3·5m on behalf of selling shareholders.
Scott Wilson had a market capitalisation of £112m on its admission to the stock market. Chairman Geoff French said ’we believe that the placing and admission will strengthen Scott Wilson’s balance sheet, thereby financing organic growth and facilitating further selective acquisitions.’
