GB Group (GBG) has announced it is set to move its listing from AIM to the London Stock Exchange (LSE) at the end of October.

The identity and location technology provider said that it expects the move to take place on 30 October and all shares listed on AIM are expected to be cancelled.

GBG said its trading is currently in line with expectations and it is set to deliver on its full-year revenue outlook, which is consistent with current market guidance.

In the year to 31 March, the firm swung from a loss of £50.4m in the 204 financial year to a profit of £15.6m, while its revenue increased by 1.9% in the same period to £282.7m.

Following the announcement, shares in GBG increased by over 3%, although in the past year, its share price has fallen by almost 27%.

The firm will announce its trading update for the six months to 30 September on 16 October, while its interim results will be released for this period on 25 November.

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