RNS Number : 6938J
SimplyBiz Group PLC (The)
04 April 2018
 

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. 

This announcement is not an offer to sell, or a solicitation of an offer to subscribe for or to acquire, securities in the United States or in any other jurisdiction, including in or into the United States, Australia, Canada, Japan or South Africa. It does not constitute or form part of, and should not be construed as, an offer to sell or issue, or a solicitation of any offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. The distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions. Investors should not subscribe for or purchase any securities referred to in this announcement except on the basis of information in the admission document published by The SimplyBiz Group plc in connection with the admission of the ordinary shares in the capital of the Company to trading on AIM, a market operated by London Stock Exchange plc.

 

4 April 2018

The SimplyBiz Group plc

("SimplyBiz" or the "Company" and, together with its subsidiary undertakings, the "Group")

Admission to trading on AIM and first day of dealings 

The SimplyBiz Group plc, a leading independent provider of compliance and business services to financial advisers and financial institutions in the UK, is pleased to announce that admission of its entire issued ordinary share capital, which comprises 76,470,588 Ordinary Shares, to trading on the AIM market of the London Stock Exchange will take place and dealings will commence at 8.00am today under the ticker "SBIZ". Based on the placing price of 170 pence per share, the market capitalisation on Admission is expected to be £130.0 million.

An AIM admission document is available on the Company's website, www.simplybizgroup.co.uk 

Zeus Capital acted as Nominated Adviser and sole Broker on the Placing and IPO.

For further information please contact:

SimplyBiz

via Instinctif Partners

Matt Timmins (Joint Chief Executive Officer)

Neil Stevens (Joint Chief Executive Officer)




Zeus Capital (Nominated Adviser and Sole Broker)

+44 (0) 20 3829 5000

Martin Green (Corporate Finance)

Andrew Jones (Corporate Finance and QE)

Dan Bate (Corporate Finance and QE)

Pippa Underwood (Corporate Finance)

John Goold (Corporate Broking)

Mike Cuthbert (Specialist Sales)




Instinctif Partners

+44 (0)20 7866 7938

Giles Stewart

Rui Videira

Ambrose Fullalove


 

About SimplyBiz

With over 3,400 member firms in the UK, SimplyBiz is a leading independent provider of compliance and business services to financial advisers, including directly authorised IFAs, directly authorised mortgage advisers, workplace consultants and directly authorised consumer credit brokers. It also provides marketing and promotion, product panelling and co-manufacturing services to more than 135 financial institutions, including 43 asset managers, 26 life assurance and pension companies, 46 mortgage lenders, 13 general insurance providers and 7 credit lenders, through access to its membership.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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