London Stock Exchange Welcomes Strip Tinning Holdings plc to AIM

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

 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

Looking for new and recent issues?

More recent

31.36
London Stock Exchange welcomes The Arab Federation of Capital Markets.

  General Overview 

The Arab Federation of Capital Markets (AFCM) is the Arab industry group for Exchanges and Clearing houses, and Financial Institutions around the Arab regions. It was established in 1978 to be the guiding body for the Arab Stock Exchanges, under the recommendation of the Arab Central Ban

Learn more
121.96
London Stock Exchange welcomes EnSilica plc to AIM

EnSilica is a designer and supplier of mixed signal ASICs (Application Specific Integrated Circuit). ASICs are Integrated Circuits or semiconductor chips developed for a particular use or product rather than for general purpose usage.  ASICs help differentiate products through optimised hardware making products smaller, faster, lower power, improved security, add

Learn more
60.84
London Stock Exchange Group welcomes The Future Investment Initiative Institute, celebrating the launch of the FII regional summit “Inclusive ESG for Emerging Markets”

The Future Investment Initiative (FII) Institute is a new global nonprofit foundation with an investment arm and one agenda: Impact on Humanity. Global, inclusive and committed to ESG principles, the FII Institute fosters great minds from around the world and turn ideas into real-world solutions in four critical areas: AI and Robotics, Education, Healthcare and Sustainability. The FII Institute

Learn more
European Assets Trust PLC celebrates 50 years.

This year, European Assets Trust PLC celebrates its fiftieth anniversary since launch in May 1972. The Company was created in 1972 following the acquisition of a Dutch investment company ‘Mijbeb NV’ by a consortium of United Kingdom institutional investors and the appointment of a predecessor of BMO Investment Business Limited as its Manager.

Initially the Company was listed solely on

Learn more