London Stock Exchange welcomes Princes Group to the Main Market

The London Stock Exchange today welcomes Princes Group, a leading international platform in the United Kingdom and European food and beverage sector, as the Company celebrates its admission to the Main Market of the London Stock Exchange.

Through its Offer, Princes Group has successfully raised £400m, resulting in a market capitalisation on Admission of £1,162m.

The team celebrating on the balcony at LSEG during the welcome ceremony.

A Trusted food and beverage partner for over a century

Founded and headquartered in Liverpool in 1880, Princes Group has grown into a major force in the UK and European food and beverage sector. The Group operates across five core business units – Foods, Fish, Italian, Oils, and Drinks, offering a broad portfolio of both branded and customer own-brand products.

Its well-known brands include Princes, Napolina, Branston Baked Beans, Batchelors Peas , Flora, Crisp ‘N Dry, Delverde, Naked Noodle, and Crosse & Blackwell. Today the Group exports to over 60 countries and serves more than 8,000 customers worldwide, including major retailers, foodservice operators, and B2B partners.

With 23 production facilities across the UK, continental Europe, and Mauritius, supported by 21 warehouses and distribution centres, Princes Group combines industrial scale, supply chain strength, and innovation to deliver high-quality, reliable products to its global customer base.

A Platform for Sustainable Growth

Building on its heritage, Princes Group’s strategy focuses on innovation, quality, and sustainability as key drivers of long-term growth and value creation across multiple categories and geographies.

The Princes Group Story: Feeding the Nation since 1880

[SOME OF THE UK'S MOST ICONIC BRANDS][ARE PRODUCED BY PRINCES GROUP][BASED IN LIVERPOOL][Simon Harrison CEO, Princes Group plc]Princes was created over 140 years agohere in Liverpool in Princes Dock.We started by importing tinned lobster from Canada.The business has grown massively since then,we're now one of the UK’sand indeed Europe's biggest producers of food and beverages.And we make almost everything that we sellin one of our fantastic factories.[IN 2024 ITALIAN NEWLAT FOOD ACQUIRED PRINCES][IN 2025 NEWLAT WAS RENAMED NEWPRINCES GROUP][Giuseppe Mastrolia CEO, NewPrinces S.p.A & Chief Commercial Officer Princes Group plc]In the last twenty years,we acquired twenty companies.So we have a proven M&A track record,of which the most important has been Princes, that we acquired last year.We're really proud of our role at Princes, in feeding the nation.And fundamental to us is the fact that we are both ethicallyand sustainably sourcing those products.[FOGGIA, ITALY][FARMS IN THIS REGION][GROW OVER 250,000 TONNES OF TOMATOES][THAT GO INTO 48 MILLION NAPOLINA TINS EVERY YEAR]We have the biggest factory in Europe for tomatoes.So we are really big and really strong,we can produce around 300,000 tonnes per year of tomatoes.Now the group has twenty-three manufacturing sites,of which ten are in the UK, eleven in Europe,and two on the beautiful island of Mauritius.We produce canned foods, tuna, tomato, pasta,oil, baby food, drinks and ready mealsand we sell our products to more than sixty countries around the world.[Sophie Street, Head of Insights Princess Group plc] We work directly with ourfarmers and growersto make sure that we aregetting the ingredientsat the peak of their qualityand we’re packing them into our products when, you know,they are the most tasty they possibly can be.Working with our panel of 30,000 consumers,we test our products at every single stage of the development process,to make sure that they taste amazingand our consumers will love them as much as we do.This really is a great time to be part of the Princes Groupwith the coming together of many amazing brands.We have a real opportunity to innovate across so many of our different areas.I'm really looking forward to this IPObecause I think it’s just another chapter that will enable usto be known and visible for many other groups and shareholdersand potential stakeholders.Princes has a really proud history of growth and innovationand this IPO on the London Stock Exchangeis the next logical step in that growth journey.This will help us fuel our expansion plansthat will benefit not only our customersbut also everybody who works here at this great business.[Produced in partnership with: PRINCES GROUP & LONDON STOCK EXCHANGE Find out more London Main Market]

“Princes has a really proud history of growth and innovation. And this IPO on the London Stock Exchange is the next logical step in that growth journey. This will help us fuel our expansion plans that will benefit not only our customers, but also everybody who works here at this great business.”

Simon Harrison
CEO, Princes Group plc

“The UK is our largest market and the home of an experienced leadership team: this decision reflects our long-term confidence in the business, the strength of our management, and the scale of the opportunity ahead of us.”

Angelo Mastrolia
Executive Chair, Princes Group plc

Princes Group Market open ceremony

[Music playing in the background. Video captures from the event.] [Market open - Live from London Stock Exchange - Thusday 31st October 2025]Welcome to the London Stock Exchange. Can you feel it?The buzz of energy just before the market opens.Feels like the whole city is waiting. We love this moment.For most people, when they think of this place,they think of share prices.All those green and red numbers scrolling around the building.But behind those numbers,there are other deeper values that are just as important.The value of delivery from media to medicines,from technology to tea.Capital markets help finance the products and services thatwe use every day.The value of innovation from vaccines to batteries,breakthroughs don't come cheap.We connect great ideas to capital,helping to build a better future for everybody.And values like trust.For three hundred years,trust has been at the heart of every transaction in this city.It still is.Hence, our motto, our word is our bond.Today and every day, these are the values behind the numbers,and they're the reason that we're able to bring you moments like this.It's only seconds away now.Everyone is holding their breath.Let's not keep them waiting.It's time to hit the button and open London's market.[Music playing in the background. Video captures from the event.][SOME OF THE UK'S MOST ICONIC BRANDS ARE PRODUCED BY PRINCES GROUP][BASED IN LIVERPOOL][Simon Harrison, CEO, Princes Group plc] Prince's was created, over a hundred and forty years agohere, in Liverpool in Prince's Dock.We started by importing tinned lobster from Canada.The business has grown massively since then.We're now one of the UK and indeed Europe's biggestproducers of food and beverages,and we make almost everything that we sell in one of ourfantastic factories.[IN 2024 ITALIAN NEWLAT FOOD AQUIRED PRINCES][IN 2025 NEWLAT WAS RENAMED NEWPRINCES GROUP][Giuseppe Mastrolia, CEO, NewPrinces S.p.A & Chief Commercial Officer Princes Group plc]In the last twenty years, we acquired twenty companies.So we have a proven m and a track record of whichthe most important has been Princes that we acquired last year.We're really proud of our role at Princes in feeding the nation.And fundamental to us is the fact that we areboth ethically and sustainably sourcing those problems.[FOGGIA ITALY][FARMS IN THIS REGION][GROW OVER 250,000 TONNES OF TOMATOES][THAT GO INTO 48 MILLION NAPOLINA TINS EVERY YEAR]We have the biggestfactory in Europefor tomatoes, so we are really big and really strong.We can produce around three hundred thousand tons per yearof tomatoes.Now the group has twenty three manufacturing sites,of which ten in the UK,eleven in Europe and two in the beautiful island of Mauritius.We produce canned foods, tuna, tomato, pasta, oil,baby food, drinks and ready meals.And we sell our products to more than six countries around the world.[Sophie Street, Head of Insights Princess Group plc] We work directly with our farmers and growers tomake sure that we are getting the ingredients at the peak oftheir quality, and we're packing them into our productswhen, you know, they are the most tasty they possibly can be.Working with our panel of thirty thousand consumers,we test our products at every single stage of the developmentprocess to make sure that they taste amazingand our consumers will love them as much as we do.This really is a great time to be a part of The Princess Groupwith the coming together of many amazing brands.So we have a real opportunity to innovate across so many ofour different areas.I'm really looking forward to this IPO because I think it'sjust another chapter that will enable us to beknown and visible for many other groups and shareholderand potential stakeholder.Princess has a a really proud history of growthand innovation, and this IPO on the London StockExchange is the next logical step in that growth journey.This will help us fuel our expansion plans that willbenefit not only our customers,but also everybody who works here at this great business.[Video captures from the event.]Good morning, everybody.Good morning, everybody, and welcome to the London StockExchange. My name is Julia Hoggart.I'm the CEO of the Exchange.And before I give my formal remarks,I am going to say that this is the first time I've ever comeinto the Exchange in the morning and high fived a tin of tuna.We are absolutely delighted to welcome you all here todayto celebrate Princess Group's IPO on the LondonStock Exchange.I'd like to extend huge congratulations to AngeloMastrolia Thank Matt.And Simon Harrison and the entire team at Princess formaking this happen.Today, we're celebrating a significant milestone for a company whichtraces its history back over a hundred and forty years.From a starting point, as you've seen on the video,of importing tinned lobster from Canada,Princess Group has grown into a global business built onquality, serving millions of householdsacross the UK and beyond.And, of course, we're all familiar with the iconic Princess Tuna brands,and I'm still to see so many more of the UK's most lovedbrands on show here today.Nappalina, Branson's, Bachelor's, to name but a few.Many a lot of us have grown up with.At the London Stock Exchange,we pride ourselves on being the world's most internationalexchange and home to global leaders in the food and beverage sector.So it's an honor to provide a stage for Princes to continueits global growth journey.And that's what our markets are all about,connecting ambitious companies with investors,enabling growth,and helping businesses achieve their full potential.As a renowned category leader across the UK and Europe,and in the food and beverage industry,it's no surprise that Princess is in the spotlight of Europeancapital markets this morning.Indeed, this is the largest IPO by European company on the LondonStock Exchange since March twenty twenty one,and one of the top ten IPOs by capital raised acrossEurope this year. So very many congratulations.We're also getting a thumbs up from the tuner because I thinkit's physically impossible to clap.Yes.Markets are ultimately about people and their vision,And I think I've known that from meeting you through thecourse of this process,and it was very evident on the video as well.And we absolutely want to be the people at the London StockExchange who support you Thank you.On the next stage of your journey.An IPO is just one day in the history of a company, in this regard,a company that's had a history for over a hundred and fortyyears already,and here's to the next one hundred and forty years.Minimum. And minimum. There we go. Absolutely.I love the ambition. That is perfect.Now, Angelo, the floor and the balcony is yours.You very much, everyone. For me, it's a very important day.I believe this is a more emotional day Ilive in my life because I achievedmy dream.When sorry.Istarttwenty one years ago with this project from a familysmall company.My dream is to list the big company inmain market with East Europe.This market is London Stock Exchange.ButI believe after these emotional things,I believe from tomorrow or Monday,our big responsibility is protect allour investors, in particular,the individual investors, not the distributional orMastrolia family because we are professional investors.But our commitment to maintain the focusto protect all plus two thousand people toinvest individual or small money inour company.This is my concern.I wanted to have the very strong focuson this commitment.I see also all my management,we have the big, big responsibility to delivery thegood results not just for bonus,for professional stakeholders, but for allindividual investors, they believe in our company.Thank you very much.[Video captures from the event.]This is why I love this job,because markets are about people and companies are about people.And I think that's been the best exemplification of it thatwe could possibly have.So can I just ask you all to give a final round of applauseto everybody in Prince's group, Angelo and his family, Simon,for everything that's been achieved and everything that is yet to come?Thank you.[Video captures from the event.]

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