Prior to admission, Promethean will hold 51.38% of the issued share capital of car dealerships acquirer Cambria.

It originally invested £10.66m and expects the holding on admission will be valued at £25.68m.

Promethean expects to retain 33.3% of the shares under lock-in and orderly market arrangements.

Chairman Sir Peter Burt said, 'The introduction of Cambria to AIM is a great success for Cambria in its ongoing development as a major UK motor dealer group.

'The introduction offers Cambria the opportunity to continue the growth that it has demonstrated since its incorporation.'

Story provided by Business Financial Newswire