London Stock Exchange welcomes ProCook to the Premium Segment of the Main Market

London Stock Exchange today welcomes ProCook, the UK's leading direct-to-consumer specialist kitchenware brand, designing, sourcing and retailing a high-quality range of cookware, kitchen accessories and tableware. ProCook's purpose is all about 'sharing our passion for cooking' and the brand aims to provide customers with beautiful, high quality products and significant value for money, accompanied by high levels of service and personalised inspiration and experiences. In the UK, ProCook sells directly to customers through its own proprietary website, www.procook.co.uk. It also operates its own, growing portfolio of over 50 retail stores that are spread geographically across the UK to offer customers choice, convenience, and the opportunity to test, trial and seek advice from knowledgeable and helpful colleagues.

The company has today been admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities under the ticker "PROC". The Company’s shares have been priced at 145p, giving it a market capitalisation on Admission of £158 million. The IPO will be used to support the Group's growth plans by increasing the Group's public profile and brand awareness; further improve the ability of the Group to attract and retain high quality talent; and create a liquid market in the Shares for existing and future shareholders.

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
159.62
Listing/Admission to trading
10 Nov 2021

Daniel O'Neill, CEO and Founder, commented:

"Today represents the incredible progress that ProCook has made in recent years and is testament to the efforts and dedication of all our staff in bringing us to this stage in our story. We have been thrilled with the level of interest and support from a range of institutional and retail investors and look forward to our future as a listed business.”

Advisers to the IPO include:

  • Peel Hunt (Sponsor, Bookrunner and Intermediaries Co-ordinator)
  • Eversheds Sutherland (Company Counsel)
  • MHP Communications (Financial PR Adviser)
  • KPMG (Corporate Finance Adviser)
  • BDO (Company Reporting Accountant)
  • Travers Smith (Peel Hunt Counsel)
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