London Stock Exchange welcomes the Pebble Group to AIM

London Stock Exchange today welcomes The Pebble Group plc, a provider of products, services and technology to the global promotional products industry, on to the AIM market.

The Pebble Group operates two focused and differentiated businesses in the global promotional products industry: Brand Addition is a leading provider of promotional products to global brands that utilises its global network to source and deliver complex and creative solutions to support marketing efforts of its multi-national clients. Facilisgroup provides subscription-based services to SME promotional products distributors in the US and Canada. Its suite of services includes business intelligence software, buying power and community events.

The Company announced earlier this week that it is raising a total of c.£135 million at a valuation of £176 million. Of these funds, c.£79 million will be used to repay all existing debt facilities with c.£56 million going to selling shareholders. The management of The Pebble Group retains approximately 9% of the total issued ordinary share capital of the Company.

Christopher Lee, Chief Executive Officer of The Pebble Group, said:

“Joining AIM today is another landmark on the development of our Group, allowing us to invest more readily in the future growth and development of the business and enable us to incentivise our people and maximise our potential.

“The success of this process is down to the hard work and dedication of all our people. I would also like to take this opportunity to thank the teams at Elysian Capital, Beechbrook Capital, HSBC and H.I.G. Capital Europe for their support in recent years and our new shareholders for their belief in our business.”

Advisers to the IPO include:

• Grant Thornton, nominated advisor
• Berenberg, sole global coordinator and broker
• Addleshaw Goddard, legal advisers to the Company
• Bird and Bird, legal advisers to the nominated adviser and sole global coordinator and broker
• BDO, reporting accountant
• PWC, auditor and tax advisers
• Belvedere Communications, PR advisers to the Company
• Bennett Brooks, IFRS accounting advisers

Quick facts

Track
Market: AIM
Instrument market cap (£m)
234.43
Listing/Admission to trading
05 Dec 2019
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