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28 Apr 2010
Top ten accountancy business Tenon will become the first practice to list on the UK's main share market at the end of May.
A regulatory statement issued by the company this morning announces that trading of Tenon's share on the Alternative Investment Market (AIM) will cease on 27 May and that trading on the main market of the London Stock Exchange is expected to take place simultaneously.
Tenon expects to publish a prospectus for the main listing shortly before before it goes ahead.
An announcement in December 2009 revealed that Tenon was heading towards a main listing this year.
Despite good financial results there has been some disappointment at the performance of Tenon's shares on AIM.
Interim results recently published showed profits up to £8.8m for the six months to December last year.
December also saw Tenon wrap up the acquisition of Bentley Jennison which took the business into the RSM international network.
Tenon has not been without controversy. It was recently fined £700,000 by the Financial Services Authority in relation to advice given for the sale of structured financial products.
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Briefings
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