HSS applies for AIM

10 December 2020

HSS has applied for admission to the Alternative Investment Market (AIM) instead of being listed on the main London Stock Exchange.

The AIM is typically home to smaller and medium size growth companies.

Following HSS’ recent raising of £54m to ensure it can pay off £15m of debt in January, the number of the company’s shares that are freely available to be traded has reduced. Its three main shareholders hold more than 80% of its issued share capital.

At the time of writing, HSS shares were priced at around 10 pence - a shadow of the 210 pence per share when the company floated on the Stock Exchange in February 2015.

HSS expects to be admitted to the AIM on 14 January 2021.