ActiveOps PLC Admission to AIM and First Day of Dealings (7135T)
March 29 2021 - 1:00AM
UK Regulatory
TIDMAOM
RNS Number : 7135T
ActiveOps PLC
29 March 2021
NOT FOR RELEASE, DISTRIBUTION, PUBLICATION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED
STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR
ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION
OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION (EACH A
"RESTRICTED JURISDICTION").
29 March 2021
ActiveOps plc
("ActiveOps", the "Company" or the "Group")
Admission to AIM and First Day of Dealings
ActiveOps (AIM: AOM) is pleased to announce that admission of
its entire issued and to be issued share capital to trading on the
AIM market of the London Stock Exchange will become effective and
dealings will commence at 8.00 a.m. today under the ticker "AOM"
and the ISIN GB00BLH37Y17.
ActiveOps is a leader in Management Process Automation (MPA),
providing a SaaS platform to large enterprises with complex and
often global back-offices. The Group's software and embedded
back-office operations management methodology enables enterprises
to adopt a data-driven, scientific approach to organising work and
managing capacity.
On 25 March 2021, ActiveOps announced a placing of existing
ordinary shares which has today completed. The Placing has realised
gross proceeds of GBP75.7 million for the Selling Shareholders.
This includes Calculus Capital and Richard Jeffery, the Company's
Co-founder and Chief Executive Officer, who will retain a
substantial shareholding in the Group, amounting to approximately
13.8 per cent. on Admission. Calculus Capital will retain a
shareholding of approximately 6.1 per cent. on Admission. The
market capitalisation of the Company at the Placing Price will be
approximately GBP119.8 million immediately following Admission.
Investec Bank plc acted as Nominated Adviser, Financial Adviser,
Sole Broker and Sole Bookrunner to the Company.
Richard Jeffery, Chief Executive Officer of ActiveOps, said:
"Today marks an exciting new phase for ActiveOps, as we seek to
deliver on the growth opportunity ahead of us. I am incredibly
proud of everything the team has achieved to date, building a
market-leading offering and long-term, blue-chip customer base in
over 40 countries around the world.
But we are very much still at the start of our journey.
Increasing regulation, automation and the changing dynamics of the
workforce mean back-office operations are becoming ever more
complex. We see a clear and growing need for our offering, which
through the enhanced credibility and profile of our IPO we are
increasingly well-placed to deliver. I would like to welcome all of
our new shareholders and look forward with confidence and
excitement."
The Company's Admission Document can be found on its website at
www.activeops.com .
For more information, please contact:
ActiveOps Via Alma PR
Richard Jeffery, Chief Executive Officer www.activeops.com
Patrick Deller, Chief Financial Officer
+44 (0)20 7597
Investec Bank plc 5970
Corporate Broking & PLC Advisory
Patrick Robb / David Anderson / Ben Griffiths
TMT Investment Banking
Sebastian Lawrence / Alisdair Brady
+ 44(0) 203 405
Alma PR 0205
Caroline Forde / Josh Royston / Helena Bogle
/ Faye Calow
Terms capitalised in this announcement but not defined herein
shall have the meaning given to them in the Admission Document.
About ActiveOps
ActiveOps is a leader in Management Process Automation (MPA),
providing a SaaS platform to large enterprises with complex and
often global back-offices. The Group's software and embedded
back-office operations management methodology enables enterprises
to adopt a data-driven, scientific approach to organising work and
managing capacity.
The Group's enterprise platform comprises Workware+, its MPA
software platform, and AOM, the Group's operations methodology and
framework for effective back-office management. Together, this
combination of software and embedded methodology enables operations
managers to balance the competing priorities of meeting service and
quality standards while improving productivity and reducing cost
.
The Group has over 160 employees, serving its global customer
base of approximately 80 enterprise customers from offices in the
UK, Ireland, USA, Australia, India and South Africa. The Group's
customers are predominantly in the banking, insurance and business
process outsourcing (BPO) sectors, including Nationwide, TD Bank,
Anthem, Inc and DXC Technology.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCVQLFLFXLLBBD
(END) Dow Jones Newswires
March 29, 2021 02:00 ET (06:00 GMT)
Activeops (LSE:AOM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Activeops (LSE:AOM)
Historical Stock Chart
From Apr 2023 to Apr 2024