finnCap Group Plc - Admission to AIM

RNS Number : 4505J

finnCap Group PLC

05 December 2018

 

5 December 2018                       

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.

finnCap Group Plc

("finnCap", the "Company" or the "Group")

Admission to AIM, First Day of Dealings and Total Voting Rights

finnCap Group Plc (AIM: FCAP), a leading adviser and broker to ambitious growth companies both public and private, is delighted to announce that Admission of the Company's Shares to trading on AIM will take place at 8.00 a.m. today, 5 December 2018.

Dealings will commence under the ticker "FCAP". The Company's ISIN is GB00BGKPX309 and its SEDOL is BGKPX30.

The Company will, on Admission, based on a Placing Price of 28 pence per Share, have a market capitalisation of approximately £47.1 million, following a successful total Placing of approximately £5.0 million (before expenses). The Placing consists of a £3.75 million placing of new money which will be used to partially fund the cash consideration for the Acquisition of Cavendish, which will complete on Admission, and £1.25 million on behalf of selling shareholders to realise part of their investment in the Company.

The Company's Admission Document can be viewed at: www.finncap.com. Copies of the Admission Document will be available at the registered office of the Company, subject to applicable securities laws or regulations. Save where otherwise defined herein or where the context otherwise requires, terms defined in this announcement shall bear the same meaning as in the Company's Admission Document.

Grant Thornton is acting as Nominated Adviser and finnCap Limited is acting as Broker to the Company.

Total Voting Rights

Following Admission, the total number of Ordinary Shares in the Company in issue will be 168,230,089; each with equal voting rights. The total voting rights figure can be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change of their interest in, the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

Contacts

finnCap Group Plc	[e-mail]
Sam Smith, Chief Executive Officer
Tom Hayward, Chief Financial Officer
Cavendish	Tel: [phone]
Howard Leigh, Lord Leigh of Hurley, Executive Deputy Chairman of the Group
Grant Thornton (Nominated Adviser)	Tel: [phone]
Philip Secrett/Samantha Harrison/Seamus Fricker
finnCap Limited (Broker)	Tel: [phone]
Rhys Williams
Sapience Communications (PR adviser to the Group)	Tel: [phone]
Richard Morgan Evans

About finnCap Group Plc

finnCap's core focus is on providing the financial services expertise to help ambitious companies grow, whether public or private. Its principal activities are equity capital market focused and delivered through teams specialising in corporate finance and broking, equity sales, agency trading and market making and research. Since 2007, finnCap has demonstrated its fundraising and advisory capabilities and has raised over £2.6 billion for its clients.

The acquisition of Cavendish, a leading independent M&A adviser to the UK mid-market brings a capability in sell-side M&A advisory services, exit planning and debt advisory services with a focus on mandates relating to companies with an enterprise value of up to £500 million.

The Group is based across two offices in London and employs over 130 staff.

 

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