AIM News: 600 Group reveals AIM intentions

The 600 Group has announced plans to list its shares on AIM instead of the London Stock Exchange's main market.

It said it was making the move in a bid to boost its appeal to funds which target growth companies and to simplify its pursuit of any acquisitions.

The Leeds-based engineering group - which provides laser marking and precision-engineered components among other things - made the announcement in a stock market statement.

It said: "The company's strategy is to grow organically and by selective acquisitions consistent with a diversified industrial strategy.

"The directors believe that AIM is a market more appropriate for a company of 600 Group's size, offering the advantage of greater flexibility, particularly with regard to corporate transactions and related costs which enable the strategy to be executed in a more efficient manner."

The firm - which bought a new production facility in Poland last year - recently raised £1.76 million through a share placing.