London Stock Exchange welcomes 4GLOBAL Plc to AIM
London Stock Exchange today welcomes 4GLOBAL PLC to AIM under the ticker “4GBL”.
GLOBAL is a UK-based data, services and software company focused on major sporting events and the promotion and measurement of physical activity. The Company uses its proprietary data and software solutions to convert data into actionable insight which enables clients to promote sports participation, to reduce physical inactivity and to achieve economic, social, and healthcare outcomes.
Since inception 4GLOBAL has been involved in an impressive array of major sporting events ranging from the 2021 Tokyo, 2016 Rio and 2012 London Olympics to the 2020 UEFA European Football Championships, the 2015 Rugby World Cup and the 2019 Pan American Games.
The Company currently works with, and supports, a range of clients to address the problem of physical inactivity, to produce significant and measurable health, social and economic benefits. These include four separate categories:
- Governments (e.g. the U.K. Government and Sport England);
- Cities and local authorities (e.g. Neom, Saudi Arabia and Manchester, U.K.);
- Sporting federations (e.g. the Football Association ‘FA’) and
- Activity providers (e.g. The Gym Group).
On Admission, the Company will have a market capitalisation of circa £24 million following a successful placing and subscription to raise £4 million at an issue price of 91 pence per share.
The proceeds of the fundraising receivable by the Company, together with the Company’s existing cash resources, will be used to accelerate the Company’s growth including, inter alia, to acquire complementary businesses/product lines, further development of the Company’s technology platform and to provide additional working capital.