N Brown, a top 10 UK clothing and footwear digital retailer, has successfully raised £100m through a placing with clawback under a fully pre-emptive open offer. Shore Capital is acting as Joint Corporate Broker to N Brown.
The proceeds of the placing will be used to strengthen the company’s balance sheet and accelerate profitable growth through targeted investments.
N Brown has also announced the proposed delisting of its Ordinary Shares from the premium listing segment of the Official List and from trading on the Main Market and the admission of its Ordinary Shares to trading on AIM, with Shore Capital acting as the company’s Nominated Adviser.
For further information please contact:
Shore Capital +44 (0) 20 7408 4090
Corporate Advisory: Dru Danford / Stephane Auton / Daniel Bush / John More
Corporate Broking: Malachy McEntyre
For Shore Capital media enquiries, please contact:
Adele Gilbert: +44 (0)74 8477 8331
Note to editor
About Shore Capital
We are an independent securities business offering institutional and corporate clients leading investment banking, research, sales and trading services, including fixed income. We are represented across the UK enabling extensive distribution and institutional coverage. This distribution capability is complemented by our experienced corporate advisory and broking team who offer discreet, innovative and valued advice to companies on both the Main Market and AIM. Shore Capital is also the 3rd largest market maker by number of AIM stocks covered.
Our cross-disciplinary team has deep, market leading experience in a wide range of small and mid-cap UK companies within the following sectors: Consumer, Financials, Healthcare, Insurance, Natural Resources, Real Estate, Support Services, Technology and Media. Our research on over 250 companies is distributed to an extensive institutional client base in the UK, Europe and US.
Shore Capital is a trading name of both Shore Capital Stockbrokers Limited and Shore Capital and Corporate Limited.