Here are the key takeaways from the successful Placing:
The target size of the issue has been reached. The offer comprises 20 million Ordinary Shares which represents 100% of the Company’s share capital at Admission.
Based on the Offer Price of £10 per Ordinary Share, the total market capitalisation of P2P Global Investments PLC at the commencement of dealings will be £200 million.
Admission to the premium listing segment of the Official List, trading on the main market for listed securities of the London Stock Exchange and the commencement of unconditional dealings are expected to take place at 8.00am on 30 May 2014.
The Company is being advised by Liberum who are acting as Sponsor, Broker and Placing Agent.
“The successful creation and listing of P2P Global Investments, the first UK listed company dedicated to providing permanent capital to peer-to-peer and online lending platforms, is a significant step forward in the development of this dynamic new sector.”
Jonathan Barlow, CEO of Eaglewood Capital, commented:
“I am delighted by the strong demand we have received from investors to our Placing and Intermediaries Offer. I believe this is testament to the strength of Eaglewood’s investment management proposition, coupled with the level of interest in the growing peer-to-peer sector.”