A successful and oversubscribed debt for equity swap exercise.
JLG Group PLC has secured a listing on the Vienna Stock Exchange following a successful and oversubscribed debt for equity swap exercise.
Group Debenture holders were offered the opportunity to exchange 50% of the value of their debentures for new shares in the company up to a maximum number of 3,200,000.
Trading in the Group's shares started this week on the The Wiener Borse third market and this compliments an existing listing on the Cyprus Stock Exchange.
CEO John Davies says," Following our successful debt for equity swap exercise we were looking to offer our shareholders increased liquidity and trading options. The well established and centuries old Vienna Stock Market provides exactly this.
"As the business continues to expand we may find in the future the best course of action will be to seek an AIM listing on the London Stock Exchange."