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London-based Safeland is a property investor and trader. It is also building up a fund management business in order to generate a more stable income stream. Safeland was prompted to transfer to Aim on 11 October 2006 because the main market rules had made it send out a document and convene an extraordinary general meeting in order to accept a bid for Bizspace, which it had spun off onto Aim in July 2000. Due to the size of the Bizspace investment relative to Safeland‘s asset value at the time, the sale of the stake constituted a class 1 transaction for the purposes of the main market listing rules. It would not have required a meeting if Safeland had been on Aim at the time. Safeland has spun off a number of companies onto Aim since it started. They include Hercules Insurance Services, Safestore and Leo Insurance Services.
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