London Stock Exchange welcomes Sorted Group Holdings PLC to AIM
After an acquisition by Location Sciences Group PLC, Sorted has today joined AIM as Sorted Group Holdings PLC (SORT).
Founded more than a decade ago and recognised as one of the fastest growing companies in Europe by the Financial Times, Sorted delivers transformational tech on a global scale.
The listing provides Sorted with the investment necessary to continue implementing its business strategy and serving its corporate and enterprise retail customers – including M&S, Boohoo and Asda. The company brings ecommerce retailers of all sizes confidence in every delivery, every time.
Sorted welcomes new board members
In addition to joining AIM, Sorted has today welcomed Simon Wilkinson as its Chairman. Wilkinson is a highly experienced software executive and entrepreneur, having held senior leadership positions in a number of public and private companies throughout his career. Simon is investing in the group, alongside Mahmud Kamani, the founder of Boohoo Group, and Richard Hughes, the founder of Zeus Capital.
Additionally, Petar Cvetkovic and Dr Nigel Burton will join the Sorted board as Non-Executive Directors. Cvetkovic was formerly the CEO of DX (Group) Plc, and Dr Burton is currently a Non-Executive Director of BlackRock Throgmorton Investment Trust PLC. And Mahmoud Warriah, the CFO for the enlarged group, will join Carmen Carey, CEO of Sorted Group Holdings PLC, as Executive Director.
Carmen Carey commented: “This news marks another exciting stage in Sorted’s journey and brings a number of opportunities for further growth. Simon, Petar and Nigel have a wealth of experience, and further strengthen Sorted’s board. We look forward to working closely with them as we continue to bring outstanding delivery experiences to retailers and their customers.”
The news comes as Shard Credit Partners, a partner to Sorted, has continued its support with an equity investment of £1.6m into the group.
Simon Wilkinson, Chairman at Sorted Group Holdings PLC, added: “The transaction solidifies our collaboration with Carmen and the Sorted team. Sorted has leading edge technology and is deployed in some of the country’s premium retail brands. Bringing together Sorted’s technology and our experience and investors – including Mahmud Kamani and Richard Hughes – expands its potential even further.”
