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Independent International Investment Research

  • BY: Andrew Hore |
  • POSTED: 19/05/2008 |

Independent International Investment Research shares rose 50% on news that it is going to be one of three LSE appointed research providers for small Aim companies.

The Aim-quoted research company has signed a memorandum of understanding with the London Stock Exchange for a new initiative called PSQ Analytics. This will provide small Aim and fully listed companies with published research for around £10,000 a year. The service is expected to start in the autumn and is designed to cover the 1,000 or more of the smallest quoted companies.

The other two research providers are India-based Pipal Research and New York-based Argus Research.

Companies will be allocated one of the research companies on a “on a pre-determined blind pool basis” so that the research is impartial. All three will get an equal share.

IIIR shares rose 5.5p to 16.5p, valuing the company at £4.3m. It joined Aim on 2 August 2000, when it raised £5.22m at 106p a share.

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