Premium listing30 Jul 2022 22:51
A quick follow-up to the original post below, whilst Toople is recognisable and mainstream, market cap less than 1m GBP so perhaps not in the same bracket as say S4 Capital or THG, this leaves just 3 companies with a Standard listing, very few pension funds and regular institutions would offer a mandate covering this minority imo, its just too small.
I don't want to over egg this but a Premium listing will allow the board to address a much wider shareholder base including trackers which are likely to take up a proportion also. Current (UK) investor road shows must be very limited due to the above.
On the subject of Matt's golden share still being needed to maintain ownership should a hostile bid emerge, not sure this is valid as he could block any take over with his share holding as is, that's without other friendly holders such as Sofina, Balderton ...
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Premium listing is certainly something of merit. Based on data provided by the London Stock Exchange here are some stats which might be of interest.
There are around 4,500 instruments listed by the London Stock Exchange within various categories, out of those 113 are Standard UK listings.
113 may sound like a fair number but most of these are unrecognisable for one reason or another, special situations, shells and so on, of the 113 there are 4 companies which I would describe as mainstream (in the same or similar class as THG) , as follows;
S4 CAPITAL PLC
TOOPLE PLC
OXFORD NANOPORE TECHNOLOGIES PLC
THG PLC
it's hard to quantify the impact (if any) but it sure can't be helping.
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