Elephant listed on AIM

Elephant Loans & Mortgages today listed on the Alternative Investment Market of the London Stock Exchange for the first time.

All share trading will be conducted under the ticker of ELEP.

All shares were sold ahead of flotation, and its market capitalisation is valued at 6.3m. Up to 21,666,666 new ordinary shares were issued at 3 pence per share. With a full subscription, this represents a total of 10.34% of the issued share capital of the company immediately following the placing, equating to 650,000 gross proceeds for the company.