Cosentino Signature Wines is looking to raise over GBP10m from its impending stock market float.

The US-based wine producer said yesterday (30 November) that it plans to raise GBP11.4m (US$19.69m) via the issue of 9.12m new ordinary shares at 125 pence per share when it floats on the AIM in London.

Cosentino will issue a total of 22,470,864 Ordinary shares in AIM, with trading scheduled to start today.

The company said that its nominated adviser and broker is Arbuthnot Securities.