GBG, a leader in identity technology, is set to be listed on the main market of the London Stock Exchange on Thursday, 30th October. The company, currently listed on the AIM market, announced in a notice to the LSE that it has made significant progress with the necessary workstreams to support its transition to the ESCC segment of the Official List of the Financial Conduct Authority and trading on the main market.
Based in Chester, GBG employs over 1,100 staff and serves more than 20,000 customers worldwide. The move to the main market is not contingent on shareholder approval. The company also reported that its trading performance this year aligns with the board’s expectations. In March, GBG announced a return to full-year profitability with revenues of £287.7 million.
The board expressed confidence that, combined with the current sales pipeline, GBG will meet its full-year revenue outlook, consistent with market expectations. The company is scheduled to report its first-half results on Tuesday, 25th November.
