London Stock Exchange welcomes Accrol Papers
Accrol Group Holdings Plc (AIM: ACRL) (“Accrol”, the “Company” or the “Group”) is delighted to join AIM today. At Admission, Accrol will have a market capitalisation of approximately £93.0 million.
Accrol manufactures toilet rolls, kitchen rolls and facial tissues as well as other tissue products at the Company’s 350,000 sq. ft. manufacturing, storage and distribution facility in Blackburn, Lancashire. Accrol currently manufactures approximately 16 million units per week and supplies some of the UK’s largest retailers, providing both Accrol branded and private label products.
Peter Cheung, Chairman of Accrol, commented:
“We are delighted by the level of interest and support we have received from high quality institutional investors and I would like to thank the team at Zeus Capital for delivering a seamless transaction. We are a very well invested company with an attractive and progressive dividend policy and we look forward to creating value for all of our shareholders in this new and exciting stage in Accrol's development.”
Zeus Capital Limited acted as Nominated Adviser and Sole Broker to the Company, with Addleshaw Goddard LLP and PricewaterhouseCoopers LLP acting as legal advisers and reporting accountants to the Company respectively. DWF LLP acted as legal advisers to the Nominated Adviser. HSBC provided the debt facilities and KPMG LLP also advised on the deal.