Unconditional trading commenced at 8am – with 250,000,000 ordinary shares admitted to the London Stock Exchange’s premium listing segment under the ticker “BIFF”.
Biffa’s chief executive Ian Wakelin, said: “We are delighted to have reached this important milestone, and we now look forward with confidence to the next stage in the development of Biffa as a public company.”
Following its opening on the Stock Exchange this morning shares in the company have remained broadly stable at close to 180 pence– having reached a day high of 182 pence. As of midday more than 350,000 shares in the company had been traded.
A prospectus for potential shareholders has highlighted the company’s market share as the second largest waste management services provider in the UK operating in the industrial & commercial and municipal sectors as well as noting recent acquisitions by the business.