Interactive Investor

Peel Hunt Limited Share Offer

This offer is now closed for applications through interactive investor

Results of the IPO

  • The Issue Price was set at 228 pence per new Ordinary Share.
  • The Offer comprises 17,543,860 New Shares and 31,578,947 Existing Shares, representing approximately 40% of the Company's issued Shares immediately following Admission.
  • Immediately following Admission, the issued share capital of the Company will be 122,807,085 Shares.
  • Based on the Placing Price, the market capitalisation of the Company on Admission will be £280 million.
  • The Placing of 17,543,860 New Shares is expected to raise gross proceeds of £40 million for the Company. The Placing of 31,578,947 Sale Shares is expected to raise gross proceeds of £72 million for the Selling Shareholders, a significant portion of which will be used to fund personal tax liabilities arising from the corporate restructuring to be effected immediately prior to Admission.
  • Allocations have been scaled back, meaning customers will receive 55% of the amount they applied for. 
  • Share allocations have been applied to accounts and, following a scale back, monies refunded on Monday 27th September and will be confirmed in writing.

Offer period

  • The Offer Period for the Peel Hunt Limited Share Offer closed at 10am on Thursday 23 September 2021.

Trading starts

  • Admission and unconditional dealing in the Ordinary Shares is expected to commence at 8am on Wednesday 29 September 2021. There is no conditional dealing period.
  • When admitted to trading, the Ordinary Shares will be registered with SEDOL (Stock Exchange Daily Official List) number BLGZJW0 and trade under the symbol "PEEL".
  • If you buy or sell Peel Hunt Limited Shares after admission the relevant share dealing rate will apply.

Steven Fine, Chief Executive Officer of Peel Hunt, commented:

We have been delighted with the positive reception to our IPO, with strong support from institutional investors, as well as retail investors who were able to participate through intermediaries using our REX technology platform. This is testament to the high-quality business we have built over the past decade, which puts us in prime position to take advantage of numerous opportunities ahead and continue our strong growth momentum

Key information

Issue price per share:228 pence
Minimum investment:£1,000 (multiples of £1 thereafter)
Stock ticker:PEEL
SEDOL:BLGZJW0

Expected timetable

Offer open:17 September 2021
Offer close:23 September 2021 (10am)
Result announced:24 September 2021
Unconditional dealing starts:29 September 2021 (8am)

Offer announcements

This website is issued by, and is the sole responsibility of, Interactive Investor Services Limited. This website is an advertisement and not a Prospectus. Any application to participate in the Intermediaries Offer can and will only be made on the basis of the Admission Document to be published in due course (together with any supplements thereto.

Interactive Investor Services Limited uses the Peel Hunt Limited Pathfinder Admission Document in accordance with the Company's consent and the conditions set out in the Peel Hunt Limited Pathfinder Admission Document.

Investing in IPOs carries a high degree of risk. If you are unsure of the suitability of an investment please seek Financial Advice. You are not guaranteed to make a profit, the value of your investments can go down as well as up. You may not get back all the money you invest. Any notification of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue. Investment in the Company should not be regarded as short-term in nature. You should consider carefully all of the information set out in the Offer documents, including all the risks attached to investing in the Company before you apply.

"Peel Hunt Limited" and the Peel Hunt Limited logo are registered trademarks of Peel Hunt Limited. Reproduced by kind permission of Peel Hunt Limited. All rights reserved.

This announcement has been published by Interactive Investor Services Limited.

This announcement has been prepared and is the sole responsibility of Interactive Investor Services Limited of Exchange Court, Duncombe Street, Leeds, LS1 4AX, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.