Hansteen plans exit from AIM

Property firm Hansteen has announced its intention to move from AIM to the Official List and transform itself into a Real Estate Investment Trust (REIT). The company said it would hold a meeting with investors on 25 September to discuss the plans and hopes to complete its transfer to the Official List in early October, subject to regulatory approval.<br /><br />Joint chief executives Ian Watson and Morgan Jones said the move would give the firm better access to equity capital and offer investors greater liquidity in their shares.