National Accident Helpline set to start trading its shares at £2 each

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National Accident Helpline has announced that it will start floating on the London Stock Exchange at £2 per ordinary share, which it hopes will see the company valued at over £82 million.

 

The CMC, which has conditionally raised £2.3 million already, is expected to be able to make nearly £33 million for its selling shareholders after it starts trading on 29 May.

Russell Atkinson, chief executive officer of the company said that National Accident Helpline was "a well-recognised and trusted brand with a highly cash generative business model".

 

"We are delighted that investors have recognised the potential that exists for further growth in our market," he said.

 

"We believe that becoming a public company will enhance the company’s position as the market leader and we look forward to building on our position to create significant value for our shareholders."

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Mark Dugdale is the editor of Claims Media. Mark welcomes articles, letters or feedback from readers and can be reached via mark.dugdale@barkerbrooks.co.uk