Shore Capital is pleased to have acted for Parlour Product Holdings on its £21.68m sell-down in ScS Group Plc (ScS), comprising its entire holding of 25.9%.
The Placing was conducted through an accelerated bookbuild with Shore Capital acting as sole bookrunner. Parlour Product Holdings sold 9.853m shares in ScS at a price of 220p per share, raising aggregate gross proceeds of approximately £21.68m. Following completion of the placing, the seller no longer holds any shares in the company.
This follows a successful £13.75m Secondary Placing in November 2019 where Parlour Product Holdings took its holding from 40.2% to 25.9%.
Shore Capital also acts as retained broker to ScS, one of the UK’s largest retailers of upholstered furniture and floorings.
For further information please contact:
Shore Capital +44 (0) 20 7408 4090
Corporate Advisory: Patrick Castle / James Thomas / Sarah Mather
Corporate Broking: Malachy McEntyre / Heath Snyder / Henry Willcocks
For Shore Capital media enquiries, please contact:
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 and Europe.
Shore Capital is a trading name of both Shore Capital Stockbrokers Limited and Shore Capital and Corporate Limited.