19th Oct 2026 09:14
(Alliance News) - Tek 4 Holdco Ltd on Monday said it plans to raise GBP2.0 million through an initial public offering on London's AIM market next week, targeting a market capitalisation of GBP42.0 million.
The precision engineering company, which will be renamed TEK4 Group PLC upon admission, expects its shares to begin trading on AIM on Monday, October 26.
The flotation will include a GBP22.8 million secondary share offering, alongside the GBP2.0 million before expenses being raised for the company from the sale of new shares.
Tek 4 designs, manufactures and supports specialist hole-drilling systems used in the production of aero engine and industrial gas turbine components.
Its technologies include electrical discharge machining, laser drilling, laser ablation, and shaped tube electrolytic machining, enabling manufacturers to produce complex cooling holes in high-temperature turbine components.
The company, whose main manufacturing site is in Blaby, Leicestershire, supplies leading aerospace and industrial gas turbine manufacturers, as well as tier-one component suppliers.
In April, Tek 4 acquired Innolas (UK) Ltd, expanding its laser technology and micromachining capabilities while supporting its entry into medical device and semiconductor applications.
The company expects to have 21.0 million ordinary shares in issue upon admission, with 41% not in public hands.
Chief Executive Officer Jason Duffin is expected to retain around a 29% stake following admission, down from 35%, while Robin Womersley's holding will fall to 2.9% from 56%.
Panmure Liberum Ltd is acting as nominated adviser and broker for the flotation.
Tek 4 first announced its intention to list on AIM on October 12, saying the expected market capitalisation and fundraising details had yet to be finalised.
By Eva Castanedo, Alliance News senior economics reporter
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