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IN BRIEF: Optima Health drops 29% in first day of trading on AIM

Thu, 26th Sep 2024 13:11

Optima Health PLC - Sheffield, England-based software for occupational health sector - Shares fall by more than a quarter as they start trading on the AIM market in London, following Optima's spin-off from Marlowe PLC and initial public offering. Optima shares open at 210.00 pence each and trade around midday Thursday at 150.00p, down 29%. Optima has 88.8 million shares in issue, so it has a market capitalisation of GBP133.2 million, having targeted GBP190 million. Optima didn't raise new capital as part of its IPO, which was led by Panmure Liberum Ltd as nominated adviser and corporate broker.

"We are delighted to begin Optima Health's journey as an AIM-listed company," says Chief Executive Officer Jonathan Thomas. "As an independent business, we are well positioned to continue our successful track record of growth, both organic and through successful acquisition and integration, within the strong and growing occupational health market in the UK."

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com