Wimbledon seating provider announces stock market float plan to raise £60 million
ARENA Events Group, which makes seating and equipment for sporting and outdoor leisure events, is up for a stock market float this month.
Arena Events Group up for a stock market float this month
The firm will raise its international profile by joining the junior Aim exchange, raising £60 million which will provide incentives for senior management and grow the business.
Arena dates to 1761 when a company manufactured marquees, banners, flags, ships’ ropes and decorations.
The All England Lawn Tennis and Croquet Club (Wimbledon) has been a customer for 67 years, contracts include the Ryder Cup and PGA European Tour, Glastonbury and Cheltenham horse racing festival.
It marks a key milestone in the development of the group
Chief executive Greg Lawless said in a statement yesterday: “I am delighted to announce that our plans to apply for admission to Aim are moving ahead as it marks a key milestone in the development of the group.
The All England Lawn Tennis and Croquet Club has been a customer for 67 years
“We believe the listing will not only raise our international profile but will also enable us to provide additional incentives, by way of a share option scheme, for our senior executive team around our global operations.”
The company has 14 operational bases in seven countries across the globe.