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Home » Mallorca Yachting Industry News » GYG Announces Intention to Float on London AIM Market
GYG Announces Intention to Float on London AIM Market

GYG Announces Intention to Float on London AIM Market

Global Yachting Group (GYG) recently announced its intention to float the business on the AIM market of the London Stock Exchange via an Initial Public Offering (IPO).

This process has been underway for a number of months and we are pleased with the support that we have received from UK institutional investors.

The management team and Lonsdale Capital Partners decided to undertake this step to strengthen the shareholder base of our business and to provide us with increased reputation and profile. As you know, we have made a number of acquisitions over recent years and we believe that there are many more opportunities for us to grow GYG, where we feel there is value to be created for both GYG and our clients. Being listed on AIM will create a very solid financial platform, which is important in our growing industry and it will enable us to enhance our business and the global service we can offer to our clients.

Importantly, there will be no change to the operational management or the day to day running of the business and we will continue to operate as we have always done, with our clients’ best interests at the heart of everything we do.

The management team are pleased to have undertaken this process and believe that the IPO represents an important milestone in GYG’s history and that becoming a public company will further enhance our position as a market leading superyacht painting, supply and maintenance company. We have been very pleased with the level of demand we have received from investors and would like to welcome our new shareholders to our register as well as thanking our existing investors for their continued support. The superyacht market is growing and resilient and we are very excited about the next stage of our journey as we continue to grow our group.

The expected listing date on AIM is set for 5 July 2017; a full press release on our intention to float on AIM is available on our website www.globalyachtinggroup.com

Thank you for your continued support and please do get in touch if you have any questions which we will be delighted to discuss with you.

 

Contacts:

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Remy Millott                        CEO                           +34 609 350 541             remy@gygroup.com

Rupert Savage                     Group MD             +34 619 863 219                rupert@gygroup.com