LOF Stock Floated on London Stock Exchange

It had always been the intention of the Brothers to invite the public to participate in what was hoped to be a lucrative venture, to this end they approached the London stock Exchange for a quotation and in February of 1951 the Authorities agreed in principle. The Stock Market stated that as long as a certain percentage of shares were made available to Institutions and the Public a quotation on the exchange would go ahead, this was achieved and on the 20th March 1951 dealing commenced. Early dealings in the Company by the Public were encouraging even though the Board had stated that the first four years a dividend of no more than 5% could be realistically expected.