London Stock Exchange welcomes Wickes Group plc to the Premium Segment of the Main Market

Today, London Stock Exchange welcomes Wickes Group plc (“Wickes” or “the Group”) to the Premium Listing Segment of the Official List and to trading on the Main Market of London Stock Exchange. 

This follows the de-merger of the Group from Travis Perkins plc. No new funds have been raised. Wickes’s ticker is WIX.L and its free float is 100%.

Significant shareholders include Dimensional Fund Advisors, Harris Associates, Mondrian Investment Partners, Newton Investment Management, Pzena Investment Management and Sprucegrove Investment Management. 

Wickes is one of the UK’s best known home improvement retailers. Having opened its first store in 1972 the Group now has over 230 stores across the UK, employing 8,500 colleagues and offering products ranging from kitchens and bathrooms, to paint, tools and timber.

It is a successful, growing, cash generative and profitable business, operating in the large and growing £25 billion UK Home Improvement market. Over the past few years Wickes has consistently outperformed the market, growing share and delivering a CAGR growth rate double that of the market.

Wickes has a clear purpose, which is to ‘help the nation feel house proud’ and it does this by focusing on three customer segments - Local Trade, Do-It-For-Me and DIY Retail.  

Its highly distinctive proposition, balanced across these three customer segments, means it can capture the full breadth of the market growth opportunity as it is much more than just a DIY business.

The Group is digitally-led and service enabled, fulfilled by a low cost, efficient and totally integrated operating model.  

With over five million on-line customers, almost two thirds of all sales emanate in the digital space. However, as 98% of sales are fulfilled directly from the Group’s physical estate this ensures that it benefits from digital growth without digital dilution.
Wickes has proven levers for growth across its three customer segments of Local Trade, Do-It-For-Me and DIY Retail and is committed to ensuring that growth is delivered responsibly, minimising impact on the environment, supporting the communities it serves and creating a winning culture where colleagues can gain new skills and build their careers.

Wickes CEO, David Wood said: “This is a momentous day for Wickes as we become a standalone business.  I’d like to thank everyone who has helped us come this far, especially our fantastic colleagues and to welcome our new shareholders to Wickes.  Our unique proposition, digital capability and efficient operating model has enabled us to respond rapidly to the changing demands of our customers.  We are able to provide customers with everything they need to achieve their home improvement plans and we are well placed to capitalise on the exciting growth opportunities we see in our markets while creating long-term value for all our stakeholders.”

Deutsche Bank and Citi are Joint Financial Advisors and Joint Sponsors.

Quick facts

Market: Main Market
Instrument market cap (£m)
Listing/Admission to trading
28 Apr 2021
Looking for new and recent issues?

More recent

London Stock Exchange welcomes Softline to Main Market

London Stock Exchange today welcomes Softline, a leading global solutions and services provider in digital transformation and cybersecurity, to the Standard Segment of the Main Market of London Stock Exchange trading under the ticker symbol SFTL.

Softline's objective is to help improve business performance and quality of life through the most effective use o

Learn more
London Stock Exchange Welcomes Invesco celebrating the launch of Nasdaq-100 ESG UCITS ETF

Today, London Stock Exchange welcomes Invesco for the newest addition to the Invesco Nasdaq Innovation Suite, a new Environmental, Social and Governance (ESG) ETF: the Invesco Nasdaq-100 ESG UCITS ETF.

The Nasdaq-100 index has long been associated with growth and innovation, including many of today’s leading-edge companies, such as Apple, Amazon, Netflix and

Learn more
London Stock Exchange welcomes Tungsten West to AIM

Tungsten West Plc (“Tungsten West” or “the Company”) is a UK based company focussed on recommencing production at the Hemerdon tungsten and tin mine (“Hemerdon” or the “Project”) in Devon, England.

The Hemerdon mine is the world’s third largest Tungsten resource, had over £170m spent on it via the previous operator and has a mine life of 18.5 years. The Company is focused on rebuildin

Learn more
London Stock Exchange welcomes the Republic of Korea’s Sovereign Green Bond to the Sustainable Bond Market

London Stock Exchange today welcomes the Republic of Korea issuing their €700mn -0.053% note due October 2026 to London Stock Exchange’s International Securities Market. The deal was more than 6 times oversubscribed, receiving bids in excess of €4.2bn from over 150 accounts.

The €700mn 5-year tranche is Korea’s debut green bond and it was admitted yesterday to our Sustainable Bond Mar

Learn more