London Stock Exchange welcomes Literacy Capital plc to the Specialist Fund Segment of the Main Market
London Stock Exchange today welcomes Literacy Capital plc (“Literacy Capital”) to the Specialist Fund Segment of the Main Market under the ticker “BOOK” and with a market capitalisation of £96 million.
Literacy Capital was established in 2017 by Paul Pindar, Chairman, and Richard Pindar, CEO, to achieve long term capital growth through making investments in a diversified portfolio of private UK businesses.
Literacy Capital has invested, and will continue to invest, in a portfolio of investments consisting of private, unquoted securities in companies spanning various sectors. With a focus on investment in under-served parts of the market, typically family-owned and founder-led businesses, Literacy Capital aims to help management teams to achieve long-term success.
Literacy Capital also aims to provide a consistent donation to registered charities to assist in the education of children in the UK by promoting and supporting the development of literacy.
Paul Pindar, Chairman, said: “Literacy Capital is delighted to bring this compelling opportunity to market, providing investors access to a differentiated investment approach to private equity. We believe we have a unique offering, an alternative way of working with founders and owners of small businesses that offers strong, long-term investment support with a social purpose at its centre. We invest in founder-led and founder-owned businesses that we can work closely with as engaged and active shareholders to offer guidance and encourage innovation in this under-served part of the market.”
Richard Pindar, CEO, said: “We are really looking forward to continuing our approach that has benefitted dozens of businesses and thousands of children across the UK over the last four years. We are pleased to be able to provide access to a wider number of investors following our admission to the London Stock Exchange. We hope to help many more businesses expand more quickly and create more jobs, while also helping to educate more children, over the coming years.”
Advisers to the Company
N+1 Singer – Financial adviser and sole bookrunner
Travers Smith LLP – Legal advisers
Quill PR – Financial PR adviser