Brickability Group PLC Admission to trading on AIM (4651K)
August 29 2019 - 1:00AM
UK Regulatory
TIDMBRCK
RNS Number : 4651K
Brickability Group PLC
29 August 2019
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA,
AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER
JURISDICTION IN WHICH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE
UNLAWFUL.
Brickability Group plc
("Brickability" or the "Company")
Admission to trading on AIM and First Day of Dealings
Brickability Group plc, announces the admission of its entire
issued ordinary share capital, which comprises 230,458,821 ordinary
shares ("Ordinary Shares") to trading on the AIM market of the
London Stock Exchange ("Admission") today, 29 August 2019. Dealings
in the Ordinary Shares will commence at 8:00 a.m. under the ticker
"BRCK" and ISIN GB00BK63S759.
The Company's Admission Document is available from
www.brickabilitygroupplc.com.
The Company has successfully raised GBP57 million gross (before
expenses) through a placing and subscription of 87,272,225 new
Ordinary Shares through its nominated adviser and broker, Cenkos
Securities plc.
Transaction highlights
-- GBP57 million raised by the conditional placing and
subscription of 87,272,225 new Ordinary Shares at a placing price
of 65p
-- The new Ordinary Shares represent 37.9 per cent. of the
enlarged share capital on Admission
-- Enlarged share capital on Admission of 230,458,821 Ordinary
Shares
-- GBP150 million market capitalisation on Admission at the
placing price
-- Cenkos Securities plc is Nominated Adviser and Broker
Alan Simpson, CEO of Brickability, said: "We are very pleased
with the level of interest generated from new institutional
investors in support of our admission to trading on AIM. The move
to AIM and the additional funding will allow us to continue our
growth trajectory through further organic growth and through
accretive bolt-on acquisitions. We would like to thank our new and
existing investors for their support, and the whole Brickability
team for coming with us on this exciting journey."
- Ends -
Enquiries
Brickability Group plc
Alan Simpson, Chief Executive Officer
Stuart Overend, Chief Financial Officer
c/o Montfort Communications
Cenkos Securities plc (Nominated adviser
and broker)
Max Hartley / Max Gould
Julian Morse (Sales) +44 (0) 20 7397 8900
Montfort Communications
James Olley
Woolf Thomson Jones +44 (0)20 3770 7916
About Brickability
Brickability is a leading construction materials distributor,
serving customers across the UK for over 25 years through its
mainstream and local networks. The Company supplies over 300m
bricks annually and already has 25 sites and sales offices,
employing approximately 225 people throughout the UK. Across its
three divisions, the Group supplies bricks, roofing, heating,
flooring, doors and windows to meet UK housebuilder demand.
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END
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