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Virgin Media heads to the LSE

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Posted at 10:47am by

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Fibre-optic broadband provider Virgin Media has confirmed its intention to be listed on the London Stock Exchange (LSE).

The company has submitted a report to the Financial Services Authority (FSA) outlining its plans to place shares on the exchange through a secondary listing, which will come into force from 08:00 BST on Thursday (October 1st).

Virgin Media's plans are likely to be approved by the FSA, meaning that the ticker symbol VMED will be seen on the LSE later this week.

The company's primary list of common stock will continue to be part of the Nasdaq exchange in New York.

News of the plans has come after Virgin Media recently appointed Eamonn O'Hare as its new chief financial officer.

The former Tesco finance director is to take up the role from November.

More news on: Virgin Media, Cable broadband, Future developments

2 comments

  • Pamela Eachus, 30th September 2009.

    Are they having ddos problems as a result? Three day major service outage, still totally useless. For instance I frequently cannot find/load the google homepage from within the virgin network, but virgin domain sites are responsive...

    Reply
  • Simon Massey, 30th September 2009.

    Well then this is a really bad week for them to have a major service outage in the London area. It is reported on their trouble shooting website. You have to ring customer support three times (and get disconnected twice) before you get any 1st line support that knows about it. It has been going on since 9am on Sunday and was still going on this morning.

    Reply

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