London Stock Exchange welcomes Distribution Finance Capital Holdings plc to AIM

London Stock Exchange today welcomes DF Capital Holdings Plc, the niche lending business to trading on the AIM market.

DF Capital Holdings Plc joins the market today through the admission of its Ordinary Shares to trading on AIM.

DFC is a niche lender which builds relationships with manufacturers and then provides working capital solutions up and down their supply chains. In order to help businesses drive their growth, DFC’s products allow them to match their cash cycle to the lending term, in turn allowing their customers (dealerships for example) to release the working capital tied up in their day to day operations.

As at 31 March 2019, DFC had signed 58 manufacturer programs, with 616 live dealers, typically SMEs, who as DFC’s primary customers take the lending facilities the manufacturer provides. The business has grown rapidly since it commenced lending in March 2017, with 274% loan book growth in 2018. £392 million of loans have been originated to date. In addition to the 58 signed manufacturers, 48 have agreed terms and the business has grown the loan book by in excess of 25% in the first quarter of 2019.

Chris Dailey, Chief Executive of Distribution Finance Capital Holdings plc said:
"We are very pleased to have successfully completed the process of becoming a public company. The past year has been a great one for DFC. My sincere thanks to all our people for their efforts in building our company, our investors who continue to show great faith in the business and of course to all of our customers for their fantastic support. Now it is time for us to begin the next phase of our journey, with the announcement to list on AIM. Exciting times ahead!"

Key advisers on the Placing and Admission included Macquarie Capital (Europe) as Nominated adviser and Broker, Deloitte LLP as reporting Accountants and Auditors, Travers Smith as Solicitors to the company, Stephenson Harwood as Solicitors to the Nominated adviser, Equiniti (Jersey) Ltd as Registrars, and Blue Pool Communications as Financial PR adviser.

Quick facts

Track
Market: AIM
Instrument market cap (£m)
109.42
Listing/Admission to trading
09 May 2019
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