London Stock Exchange welcomes Hostmore plc to the Main Market

London Stock Exchange today welcomes Hostmore plc to the Premium Segment of the Main Market, trading under the ticker symbol MORE, following the successful completion of its demerger from Electra Private Equity PLC.

Hostmore is a growing hospitality business with its current operations focused on the American-themed casual dining brand, 'Fridays', and the cocktail-led bar and restaurant brand, '63rd+1st'. While Fridays has been trading for over three decades in the UK, Hostmore was established in 2021 to provide a platform for the development of hospitality brands under the leadership of an experienced management team that has a track record of building businesses in the hospitality and leisure sectors.

Hostmore businesses are, and will be, defined by iconic brand experience, vibrant heritage and sector-leading technology. Its strategic focus will be to optimise its brands, aligning them with evolving consumer demands and delivering personalised customer engagement, optimising experience and efficiency through digital leadership. Hostmore's mission is to make every customer experience relevant and engaging, to celebrate the unique heritage and character of its brands, and create environments where people have fun and feel welcomed.

As of 2 November 2021, Hostmore operated 87 restaurants in the United Kingdom and Jersey, a majority of which are located in high footfall locations, including retail parks, shopping centres and city centres.  Hostmore is exploring opportunities with TGI Friday's, Inc., the franchisor of Fridays, to expand its existing brands into new franchise territories and is seeking to add rapidly growing, early-stage businesses to its portfolio of complementary hospitality brands, as well as to extend its offering into other experience-led hospitality and leisure concepts.

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
133.69
Listing/Admission to trading
02 Nov 2021

Robert B. Cook, Hostmore’s Chief Executive Officer, commented:

“We are delighted to report this morning that Hostmore plc was admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange plc’s main market for listed securities.

For Hostmore, this is a significant milestone for our two brands, Fridays and 63rd+1st, and provides us with a solid platform to develop our business through a combination of both the organic addition of individual sites and the acquisition of appropriate smaller brands.”

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