FRP Advisory Group plc float on AIM
March 2020
FRP Advisory Group plc float on AIM
The Perivan shareholder communications team were delighted to work with Cenkos Securities who were appointed Nominated Adviser and Broker to the Company on the 89 page admission document.
FRP Advisory is a professional services firm established in 2010 which offers a range of advisory services to companies, lenders, investors and other stakeholders, as well as individuals. These services include:
(i) Restructuring advisory: corporate financial advisory, formal insolvency appointments, informal
restructuring advisory, personal insolvency and general advice to all stakeholders.
(ii) Corporate finance: mergers & acquisitions (“M&A”), strategic advisory and valuations, financial due diligence, capital raising, special situations M&A and partial exits.
(iii) Debt advisory: raising and refinancing debt, debt amendments and extensions, restructuring debt, asset based lending and corporate and leveraged debt advisory.
(iv) Forensic services: forensic investigations, compliance and risk advisory, dispute services and forensic technology.
(v) Pensions advisory: pension scheme transaction advisory, pension scheme restructuring advisory, covenant advisory and corporate governance.
Admission to Trading on AIM
On 6th March 2020 admission and dealings commenced in the Ordinary Shares on AIM by way of a Placing of 100,000,000 Ordinary Shares at a price of 80p per Ordinary Share.
Reasons for the admission
The Directors believe that Admission represents an important step in the Group’s development. A public listing naturally enhances the Group’s profile and the Directors believe it will also assist in the growth of the Group’s business, provide access to equity capital and provide the Group with the ability to incentivise its existing and future employees through the EIP incentive arrangements, which will assist the Group in continuing to attract, retain and motivate high calibre staff at all levels.
The net proceeds of the Placing will principally be used by the Company to strengthen its balance sheet and to fund opportunistic acquisitions.
Perivan specialise in the production and publication of financial documents relating to shareholder and investor communications for quoted companies, private companies and open and closed-ended funds.
