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 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 £57 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
- £57 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
- £150 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.”
brickability-group-plc