Manx Telecom’s Stuart Paul (pictured) told InterGame that he is “absolutely delighted” following yesterday’s news that the Isle of Man data and communications company was to raise £156.3m by listing on the London Aim market.
Existing shareholders, HgCapital Partners and CPS Partners, are expected to receive £67.2m for their stakes in the company. Manx Telecom will make its debut on Aim, London’s junior stock exchange, on Monday, with shares priced at 142p each.
Paul said: “I’m absolutely delighted, I think it’s a fantastic move – not just for Manx Telecom but also for the Isle of Man in general.”
