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UK – Parity announces possible fundraising and move to AIM

13 May 2013

Specialist technology staffing company Parity Group (PTY:LSE) announced Friday that it is in advanced discussions with new and existing investors to raise funds in order to be in a position to acquire businesses in the UK digital media market. 

The company also confirmed that, subject to shareholder approval, it is proposing to cancel its current listing on the premium segment of the Official List and to apply for admission to trading of its ordinary shares on the AIM market, a sub-market of the London Stock Exchange for smaller companies.

In March, the firm said that trading in the early weeks of 2013 had been in line with expectations after the firm posted a +7% jump in revenue for the 2012 financial year. In the year, revenue increased to £85.9 million from £80.1 million a year ago.

According to Staffing Industry Analysts, Parity is amongst the top 50 staffing firms in the UK. The group specialises in technology staffing, the provision of information technology and business solutions.

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