Travers Smith advise Breedon on move from AIM to Main Market

Travers Smith advise Breedon on move from AIM to Main Market


Travers Smith has advised long-standing client Breedon Group plc on its move from AIM to the Premium Listing Segment of the Official List and to trading on the Main Market of the London Stock Exchange today.

The Travers Smith team was led by Corporate Partners Spencer Summerfield and Jon Reddington, supported by Senior Associates James Addison and Klementyna Zastawniak, and Associates Sylvia Mueller,  Laura Priestley and Kristen Roth. Incentives and Remuneration support was provided by our Head of Incentives and Remuneration Mahesh Varia and Associate Tom Leatherby, and Environment Support was provided by Head of Risk & Operational Regulatory Doug Bryden.

Commenting on the move, Jon Reddington said: "We have worked with Breedon since the business' reverse takeover on AIM in 2010 and are absolutely delighted to have advised them on the latest phase of their development. The move enhances Breedon's corporate profile and recognition, and is also reflective of the scale and growth ambitions of the group. We look forward to working with them as they continue to grow."

Breedon is a leading vertically-integrated construction materials group in Great Britain and Ireland, producing value-added downstream products from its extensive asset base, while providing employment and opportunity to approximately 3,700 colleagues across more than 300 sites.

Other advisers on the transaction included Numis (Sponsor, NOMAD and Joint Broker), HSBC (Joint Broker), Moelis (Financial Adviser), KPMG (Auditor), MHP (Public Relations Adviser), Carey Olsen (Jersey Legal Advisers to Breedon), and Link Group (Registrar).

Photo courtsey of the London Stock Exchange. 

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Mahesh Varia
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