Claimar plans £8m AIM listing

Posted on December 1st, by editor in Caring Times. No Comments

Claimar Care Group plc a major UK independent provider of domiciliary care services for elderly and infirm people, is to seek a listing on the Alternative Investment Market (AIM) of The London Stock Exchange in the New Year. The flotation will be by way of a placing to raise about £8 million through its nominated adviser and broker, Arden Partners, of which £4 million will be through the issue of new shares. The company is expected to have a market capitalisation on flotation of about £15-20 million. Based in Edgbaston, Birmingham, Claimar Care employs more than 800 care workers. Care services include help with personal care such as personal hygiene, dressing and undressing, sitting and respite services and practical tasks such as shopping, cleaning, laundry and other light domestic tasks. With 18 branch offices throughout the East and West Midlands and the North West, Claimar Care delivers more than 35,500 domiciliary care visits each week. More than ninety-five per cent of its revenues are derived from l

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