London Stock Exchange Welcomes Strip Tinning Holdings plc to AIM

Posted: 16 February 2022

The London Stock Exchange today welcomes Strip Tinning (AIM: STG), a Birmingham-based leading supplier of specialist connectors to the automotive sector, founded in 1957. The Company has successfully raised £8 million through a primary placing and £3.5 million through a secondary placing. Upon admission the market capitalisation of Strip Tinning will be £28.0 million.

The Group’s Board and senior management team, led by CEO Richard Barton, has over 100 years’ of combined experience in the global connectors market and the automotive industry. The Company consists of two business lines; Glazing and EV. Over 90 per cent. of the Group's historical sales have been related to Glazing however the transition of the automotive sector towards EV is providing new growth opportunities. In 2019, the Group launched 'ST Flex' to focus on these EV opportunities, in conjunction with the considerable growth in the EV market. The Company is drawing on its prior experience to provide connectivity between vehicle batteries and multiple cells and other lightweight, easy to package connector solutions. The business is set to benefit from its early mover advantage in EV and an existing customer base that includes many leading EV technology innovators such as Arrival, Williams and Rimac. With the funds raised at listing, the Company aims to further grow both the Glazing and EV businesses and continue to work with its existing OEM customers.

Quick facts

Track
Market: AIM
Instrument market cap (£m)
14.99
Listing/Admission to trading
16 Feb 2022
View Issuer page

 Richard Barton, Chief Executive Officer of Strip Tinning, commented:

“Today’s admission to AIM is a significant landmark for Strip Tinning and a special day in the Company’s evolution. The business continues to go from strength to strength and has come a long way since being founded in 1957, plating wires and coils for general engineering applications in the local Birmingham area.

We are now a leading supplier of specialist connectors to the automotive sector, having established long-term customer relationships with some of the automotive industry’s most familiar names. Today’s admission provides us with the resources to further enhance our capabilities and continue on our exciting journey.

I would like to take this opportunity to thank the Strip Tinning team for all their hard work over the years and to welcome our new shareholders to the register.”

Advisors to the Company are:

Singer Capital Markets Advisory LLP – Nominated Adviser, sole broker
Pinsent Masons LLP – Legal adviser to the Company
DLA Piper - Legal adviser to the Nomad
Mazars – Reporting accountant
Alma PR Limited - Financial public relations advisers

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