26th Jul 2021 20:28
Likewise Group PLC - UK floor coverings distributor - Looking to raise up to GBP10.0 million via accelerated bookbuild as it plans to delist from The International Stock Exchange, headquartered in Guernsey, and admit enlarged share capital to London's AIM. Placing price of 25 pence represents discount of around 4% to Monday closing price of 26p. "The directors believe that the placing proceeds will help accelerate the group's growth aspirations, including the two key priorities of expanding the customer base and optimising the distribution network, as well as admission further enhancing the group's public profile," it says.
Firm was founded by two former Headlam Group PLC directors Tony Brewer and Andrew Simpson in 2018.
"Likewise has developed rapidly during the last two years and the foundations are now in place to build a substantial business in the UK flooring industry, maximising our relationship with our manufacturing partners, along with flooring retailers and contractors," says Chief Executive Brewer.
By Lucy Heming;Â [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Headlam