Ely Group flotation will net boss €6m

THE chief executive of property firm Ely Group will see his personal holding in the company valued at €6 million when it floats on London’s Alternative Investment Market (AIM) later this month.

The Ely Group, which focuses on the sale and leaseback of residential property, will float on the AIM later this month and is expected to be valued at €10 million.

Chief executive Philip Marley, 33, who set up the company two years ago, will hold 60% of its shares after the flotation, valuing his holding at about €6m.