Slough Estates will begin trading as FTSE 100 listed company from Monday.
Slough Estates will begin trading as FTSE 100 listed company from Monday. Officials from the London Stock Exchange called members of the Slough board late last night to confirm that the company, which has a £3.05bn market capitalisation, had entered the elite of the UK’s quoted sector.
Speaking on the momentous occasion, Chief Executive Ian Coull said: ‘This is a great moment for Slough and all involved in the running of the business. Entering the FTSE 100 is an appropriate reflection of the hard work we have put in to build up our business, but it won’t have any material impact on our fundamental objective of creating maximum value for our shareholders.’
Slough’s admission to the premiership of UK public companies was made possible by the merger of existing FTSE 100 members Boots and Alliance Unichem.
Slough’s share price increased 5p to 648p in early trading this morning.