MJ Hudson, the asset management consultancy, which provides expertise and infrastructure support to fund managers, investors and other specialists in the asset management industry, is pleased to announce that admission and dealings in its Ordinary Shares will commence today at 8.00 a.m. on the AIM market of the London Stock Exchange, under the ticker symbol MJH.
MJ Hudson has successfully raised £31.4m (before expenses) from institutional investors, including £29.3m of new money for the Company, through a placing and subscription of 55,024,958 Ordinary Shares at a placing price of 57p. The Company’s market capitalisation on Admission is £97.6m. Cenkos Securities is acting as the Company’s Nominated Adviser and Broker.
The Company intends to use the new funds to support its growth plans, which include developing and enhancing its Business Outsourcing, Advisory and Data & Analytics Divisions, carrying out further acquisitions and expanding within the key Alternative Investment markets, being the UK, U.S. and Europe.