The Sefton Group Plc, has appointed Collins Stewart as its stockbroker and corporate adviser. The move is described by the company as reflecting the group’s expansion and future plans.
Sefton shares have historically been traded on a matched bargain basis. Now, a statement says, " Sefton is planning significant expansion and the company’s relationship with Collins Stewart will bring the stockbrokers’ experience and expertise to bear in making a market for Sefton shares, which should result in increased liquidity for shareholders".
Collins Stewart Isle of Man Director Andy Finch said “Our appointment is an exciting one for all concerned.”
“This is a company that is going places and we will be ensuring that everyone knows about it through a series of regular briefing notes, shareholder meetings, meetings with key management and ongoing analysis.”
Writing to shareholders , Sefton Executive Chairman, Graham Ferguson Lacey said: “It is felt that Collins Stewart’s willingness to invest its own firm’s capital in making a market in respect of the company’s shares should improve the shares liquidity and, supported by their investment analysts’ reports, which will receive wide distribution, contribute to increased interest in the company.”
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