JPJ moves to premium listing on London Stock exchange
Operator says upgrade will enable it to attract a wider investor base and illustrate its commitment to corporate
Jackpotjoy (JPJ) has been given the green light to move to a premium listing on the London Stock exchange in order to attract a wider investor base.
The operator said it believes the premium listing will provide a platform for continued growth and offer it up a wider investor base.
In a statement, JPJ said the shift would also illustrate the company’s commitment to corporate governance as well as regulatory and reporting compliance requirements.
JPJ’s shares were previously listed on the standard segment of the exchange, following its shift from Canada in January 2017 – when it was known as Intertain.
In related news, the firm also announced it had changed its name to JPJ Group rather than Jackpotjoy plc.
Last week JPJ paid its final instalment to Gamesys for the Spanish brand Botemania that was purchased in 2015.
Executive Chairman Neil Goulden said: “The earn-out payment has been made comfortably from existing cash resources, highlighting our strong free cashflow generation and the strength of our balance sheet.”