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WYG

  • BY: Andrew Hore |
  • POSTED: 04/02/2010 |

Consulting engineer and environmental services provider WYG has moved from the Main Market to Aim.

Formerly, know as White Young Green, the company says that trading conditions remain challenging.

In January, there was a 10-for-one share consolidation and a debt for equity swap cut debt by £22.9m, which significantly diluted existing shareholders. That has left Lloyds Banking with 25.1%, Fortis with 22% and RBS with 13.4%. The new employee benefit trust owns 24.5% of WYG.

WYG ended its last day on the Main Market at 46p a share. They rose to 46.5p a share on the first day of trading on Aim, which values WYG at £16.4m. 

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