Bravura Solutions to Dual List on London AIM Market to Expand Investor Base

Bravura Targets UK and European Investors with AIM Listing

Bravura Solutions Limited (ASX:BVS) is set to broaden its investor base by applying for admission to trade on the AIM market of the London Stock Exchange, targeting a listing date around 28 July 2026. This move will establish a dual listing alongside its existing ASX presence, which remains the company's primary exchange.

The AIM admission is designed to open Bravura to a wider pool of UK and European institutional investors, particularly those with mandates focused on mid-sized companies like Bravura. The company expects this expanded access to capital and liquidity to support its ongoing growth ambitions without issuing new shares or raising capital in the immediate term.

Reflecting Bravura’s International Footprint and Client Base

Bravura’s international profile underpins the rationale for the dual listing. More than half of its issued shares are held by investors outside Australia, aligning with its revenue split of approximately 70% from Europe, Middle East and Africa (EMEA) and 30% from Asia-Pacific (APAC). The company’s workforce and senior management are similarly dispersed across global hubs including London, Sydney, Gurugram, and Warsaw.

Admission to AIM is expected to enhance Bravura’s visibility and credibility with both existing and prospective clients, particularly across its core EMEA and APAC markets. The listing will also reflect the company's dual geographic footprint, strengthening its positioning as a global software provider for wealth management, life insurance, and funds administration.

No Immediate Capital Raising, Market Capitalisation Estimated at £500 Million

The dual listing will not involve a capital raise or issue of new shares, preserving the current shareholder structure. Bravura currently has 448.3 million ordinary shares admitted to trading, with no restrictions on transferability. The company anticipates a market capitalisation on AIM of around £500 million at admission.

Notably, approximately 28% of the company’s shares are not in public hands, with significant shareholders including L6 Holdings Inc and Pinetree Capital Limited holding a combined 22.8%, and Camac Fund LP holding 6.9%. Damien C Leonard, a non-executive director, is connected to these entities.

Strategic Growth Supported by Dual Listing

Bravura’s business model focuses on scalable, integrated software platforms for financial institutions, with growth driven by organic expansion within its client base and strategic cross-selling. The company recently reported strong financial momentum, including a 9.8% revenue increase in the first half of FY26, underpinned by disciplined cost management and investment in technology innovation.

The AIM admission aligns with Bravura’s strategy to strengthen its presence in the UK and Europe, complementing its existing APAC operations. The company continues to pursue growth opportunities through client expansion, geographic reach, and selective mergers and acquisitions, supported by a disciplined capital management approach.

Russell Baskerville, Bravura’s Independent Non-Executive Chairman, described the AIM listing as a logical step that will deepen the company’s engagement with UK and European institutional investors while maintaining continuity for existing ASX shareholders.