Hightailing it off AIM and Hitching a Ride with JP Jenkins 🤔
AIM-departed JP Jenkins welcomes Brighton Pier Group as a new addition
Looks like yet another business, Brighton Pier Group, has jumped ship from the AIM (Alternative Investment Market) stock exchange, hopping on board the liquidity venue known as JP Jenkins. Why the switch? Let's dive in!
Brighton Pier Group, which owns Brighton Palace Pier, Lightwater Valley Family Adventure Park, and a slew of other venues, decided to ditch AIM back in early April, grumbling about high costs, market volatility, and a dearth of liquidity. Bye bye, AIM! The company reckons leaving the stock market could slash their administrative costs by a whopping £300k a year.
Why's that? Well, the costs and regulatory burdens of staying on AIM were disproportionate to the benefits, according to the Brighton Pier Group. Now, they've got their eyes set on JP Jenkins, a platform that facilitates share trading for unlisted or unquoted assets. Shareholders can still sell their stock via their stockbroker, and the company will have a market cap of £4.7m on the platform.
This shift comes hot on the heels of record sign-ups on JP Jenkins. At the end of Q1, the platform boasted 49 firms in its roster, including the model train business, Hornby, which also announced its plans to depart AIM in March. Companies trading on the platform are now worth a cool £2bn altogether.
Mike McCudden, CEO at JP Jenkins, is pumped about the growth, stating, "The demand from issuers and investors to find novel ways to match buyers and sellers of securities is on the rise, and I'm excited to see JP Jenkins delivering further success as 2025 unfolds."
[1] High costs, regulatory burdens, and lack of liquidity drive businesses like Brighton Pier Group and Hornby to leave AIM and join JP Jenkins.
[2] JP Jenkins offers a flexible and cost-effective platform for companies to facilitate share trading, aligning better with companies' strategic goals, particularly when it comes to restructuring or refocusing their business models.
[1] In light of high costs, burdensome regulations, and insufficient liquidity, companies such as Brighton Pier Group and Hornby are choosing to leave the AIM for the more flexible and financially feasible platform provided by JP Jenkins.
[2] By transitioning to JP Jenkins, businesses like Brighton Pier Group can find a platform that caters to their strategic goals, particularly when it comes to restructuring or refocusing their business models, offering a more cost-effective environment for share trading.
