viewEland Oil & Gas PLC

Eland Oil & Gas catapulted into FTSE AIM 50

Less than three months after listing on AIM, Eland Oil & Gas is to be included in the FTSE AIM 50 index, the index comprised of the junior market's 50 biggest companies.


Less than three months after listing on AIM, Eland Oil & Gas (LON:ELA) is to be included in the FTSE AIM 50 index.

The FTSE AIM 50 index comprises the 50 largest companies by market value, and the constituents are revised on an annual basis.

Eland is set to join the index on December 24. Other AIM companies making it to the big league include acquisitive software firm Advanced Computer Software (LON:ASW), which has seen its share price soar by more than 50% over the last year.

Admission to the AIM 50 index automatically sees a company’s shares move to the full SETS platform, the London Stock Exchange’s flagship electronic trading system.  

This, in turn, should increase a stock’s visibility and can often be a prompt for brokers to start covering the company, thereby supporting liquidity and future fund raising efforts.

Eland’s flotation on AIM on September 3 was the largest flotation on the junior market in more than three years.

The group raised £118mln through a placing of shares at 100p each, giving it an implied stock market valuation at the time of flotation of around £135m. The stock’s current market capitalisation is £155mln.

Quick facts: Eland Oil & Gas PLC

Price: - -

Market: AIM
Market Cap: -


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Eland Oil & Gas PLC named herein, including the promotion by the Company of Eland Oil & Gas PLC in any Content on the Site, the Company...



Investor Update: Woodford's troubled equity income fund to be shut down

Headlines from the Proactive UK newsroom. Neil Woodford's troubled equity income fund is to be wound up as part of a fire sale -- its adviser Link Fund Solutions has announced. Investors have not been able to make withdrawals since early June due to its problems. Nigeria-focused oil group...

on 15/10/19

2 min read