Hardy moves from AIM to LSE Main Market
19 February 2008
LG, the London based business law firm, has advised Hardy Oil and Gas Plc in connection with its move up from AIM to the Main Market of the London Stock Exchange.
Hardy Oil and Gas Plc ("Hardy") is an international oil and gas exploration and production company with a market capitalisation of over US$750 million. Hardy's activities are primarily focussed on India in addition to certain development interests in Nigeria.
LG advised Hardy on its original flotation on AIM in 2005 and its two subsequent capital raisings pursuant to which the Company raised new equity in excess of US$100 million. LG has advised on more Indian company listings on AIM than any other UK law firm.
Tom Nicholls, LG corporate partner, who has acted for Hardy since it floated on AIM, said:
"We are delighted to have advised Hardy in connection with its move up to the Main Market. LG's long standing relationship with Hardy is indicative of the close client focused relationships that we look to build. Having seen Hardy's market capitalisation grow from US$150 million to in excess of US$750 million on the back of its enhanced production and further hydrocarbon discoveries, its move to the Main Market is a shining example of AIM successfully being used as a stepping stone up to the Official List."
The LG team advising Hardy included partner Tom Nicholls and solicitor Rebecca Gordon and trainee James Warboys.
Note to editors
- According to research by Hemscott, the international provider of high quality business & financial data, LG is ranked as the top legal adviser to AIM companies according to AIM client market capitalisation.
- LG has advised on over 250 AIM transactions raising more than £3.6 billion in new funds. It has advised companies listing on the Official List for many years. Our growing international practice means we have the experience to advise companies operating all over the world.
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