Hercules Site Services raises £8 million via a Placing and Subscription
September 2024
Hercules Site Services is an AIM-listed leading technology enabled labour supply company for the UK infrastructure sector. Founded in Gloucestershire in 2008 by CEO Brusk Korkmaz, Hercules provides labour-related and a diverse range of other services to many blue-chip clients in the infrastructure sector, including Balfour Beatty, Kier and Thames Water. Hercules is also contracted to supply labour to the northern section of the HS2 rail project from London to Birmingham.
Placing and Subscription to raise approximately £8 million
The Placing and Subscription to raise gross proceeds of approximately £8 million (the “Fundraising”), which sets out a Notice of General Meeting and a Form of Proxy for the proposed resolutions. The General Meeting will be held on 30 September 2024
Having helped Hercules with their Admission Document in February 2022, the Perivan shareholder communications team was delighted to work with SP Angel Corporate Finance who acted as Nominated Adviser and Joint Broker and Cavendish Capital Markets who acted as Joint Broker. The circular was successfully printed and posted to qualifying shareholders on 11th September 2024.
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Perivan is the market leader for admission document production and specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds.
