Scarborough, England—Sirius Minerals plc on April 28 moved up from the London Stock Exchange plc’s AIM market to the exchange’s main market. The last trading day on AIM for the potash developer’s shares was April 27, with the switch following April 28.
The company announced the move was to take place in a prospectus issued at the start of this week. Sirius confirmed its intention to move up in late March. The company said the move will support its long-term strategy by providing it with “a more appropriate platform for its growth and is in keeping with the nationally significant nature of its North Yorkshire polyhalite project and its market capitalization.”
As of April 28, Sirius put its market capitalisation as “in excess of £700 million” ($898 million).