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LONDON (Alliance News) - Investment company Worthington Group PLC Thursday said it would seek a secondary listing on the Frankfurt Stock Exchange.
The group said the secondary listing will be arranged by Close Brothers Seydler Bank AG, part of Close Brothers Group PLC, and that it expects its shares to start trading on the main market in Frankfurt within four weeks.
Doug Ware, Chief Executive Officer of Worthington, said the company will also seek a listing in the US in the first quarter of 2015.
"We believe that, as our international activities rapidly expand, these secondary listings will help increase demand for, and therefore the liquidity of, Worthington shares," Ware added.
Worthington shares were up 13.5% to 67.55 pence on Thursday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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