Liverpool firm lists shares in Paris

May 23 2008 by Alistair Houghton, Liverpool Daily Post

STEAM cleaning firm Proventec says its decision to have its shares listed on Paris-based stock exchange Alternext will help it to expand its European operations.

The Liverpool company, which has developed cleaning technology to kill hospital superbugs such as MRSA, is now listed both on Alternext and on London’s junior stockmarket, the Alternative Investment Market.

Alternext was launched in 2005 by parent market Euronext to provide small and medium-sized companies with simplified access to European equity markets.

Proventec chief executive David Chestnutt said: “Joining Alternext is a clear choice for our company as we continue to expand our operations in Europe.

Shares in Proventec rose 12.6% in their first day of trading on Alternext market yesterday to close a euro 2.05.

Proventec was formed after the £30m reverse takeover of Osprey DeepClean and InnoCleaning Magma Holdings by Liverpool-based Flintstone Technologies.

Its steam cleaning machines allow hospitals to decontaminate wards and clean patient equipment, removing micro-organisms such as superbugs.