Announcement
British Honey Co. : BHC Listing elevated to APEX Segment of AQSE
RNS Number : 5181I
British Honey Company PLC (The)
14 December 2020
14.12.20.
The British Honey Company plc
( " British Honey", " BHC" or the " Company")
BHC Listing elevated to Apex segment of AQSE Growth Market
Further to the announcement by The Aquis Stock Exchange earlier today that proposed changes to the rules and regulations of its subsidiary, The Aquis Stock Exchange (AQSE) Growth Market, are now in force, BHC, the producer of premium British honey, honey-infused spirits and alcohol sanitiser products, is delighted to announce that its listing on the AQSE Growth Market has been elevated to the "Apex" segment of the Exchange.
From today, the AQSE Growth Market will be divided into two segments, "Access" and "Apex" with differing levels of Admission criteria in order to provide appropriate support across companies' growth cycles. The "Access" market will focus on earlier stage growth companies while "Apex" will serve larger, more established businesses, such as BHC.
BHC, which listed on the AQSE Growth Market in March this year, satisfies all the criteria required by the "Apex" segment, comprising:
· A market capitalisation of at least £10 million
· At least 25% of its issued share capital in public hands
· At least two market-makers
· A minimum two years' trading record
· Adoption of a recognized Corporate Governance Code (the QCA Code)
The rule changes have been developed in consultation with companies listed on the Exchange and their advisers to enhance the operational efficiencies of the Market and to increase support from both retail and institutional investors by applying core values including transparency and innovation, whilst ensuring a robust regulatory framework.
Commenting on BHC's move up to "Apex", Michael Williams, CEO, said:
"We are delighted to join the Apex segment of the Aquis Stock Exchange Growth Market. Since our IPO in March this year, we have been most impressed with how innovative, knowledgeable and helpful everyone at the AQSE has been, contributing greatly to our life as a public company. The new rules and regulations will also help to attract even more institutional and retail investors to the market by making it more efficient, more effective and more accessible to them and to growth companies seeking a listing.
"We also look forward to the introduction of the forthcoming Market Maker Incentive Scheme in the New Year which will help to boost liquidity and improve even further the functioning of the AQSE Growth Market."
Enquiries:
|
British Honey Michael Williams, CEO Brooke Wiseman, Marketing Director |
Tel: +44 (0)7976 559243 Email: [email protected] Web: https://britishhoney.co.uk/
|
|
finnCap - AQSE Corporate Adviser & Joint Broker Carl Holmes / Matthew Radley (corporate finance) Richard Chambers (ECM) |
Tel: +44 (0)20 7220 0500 |
|
Stanford Capital Partners - Joint Broker Patrick Claridge / John Howes / Bob Pountney |
Tel: +44 (0)20 3815 8880 |
|
Walbrook PR Limited - Financial PR Paul Vann / Nick Rome / Nicholas Johnson |
Tel: +44 (0)20 7933 8780 +44 (0)7768 807631 |
This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
NEXFFFSWLESSEEE
;