Rosebank Industries has stated that it expects to join the FTSE 250 as part of its admission to the main market of the London Stock Exchange.

The investment vehicle and acquisition firm is expecting its admission to take place on 1 May, with 30 April being its last day of trading on the AIM market.

Rosebank does not intend to raise any funds or offer any new ordinary shares in connection with admission, and shareholders should consult their own professional advisers regarding the consequences of admission.

The firm said it will make further announcements as necessary in due course.

Chief executive at Rosebank, Simon Peckham, stated: "As promised, we are completing the next step in the Rosebank journey. We look forward to completion of the acquisition of MW Components and CPM, which is currently anticipated to close on schedule."

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