LONDON (ShareCast) - Norcon’s shares have been admitted to trading on AIM this morning, valuing the company at £28.4m.

The group, a holding company for project management and outsourcing services business Norconsult Telematics, placed around 2.25m shares at 69p to raise about £1.55m.

“Norconsult's business has grown steadily in recent years and the directors believe this growth is set to continue,” said the group.

“The directors believe that the AIM listing will enhance the profile of the group and provide additional funding to grow the business through both organic growth and acquisitions,” it added.

JMFinn Capital Markets is acting as the nominated adviser and broker for the company.

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