London Stock Exchange welcomes entu (UK) plc to AIM
London Stock Exchange today welcomed entu (UK) plc to a ceremony, marking the admission of its shares to trading on the AIM.
entu is one of the UK’s top sellers of multiple home improvement and energy efficiency products and services to homeowners. Products sold by the Group include energy efficient windows, doors, conservatories and external and cavity wall insulation together with solar power generation products and energy efficient boilers.
Headquartered in Manchester, the Group operates through a network of key regional brands that have significant presence across the UK.
The placing raised a total of £32.8 million, resulting in a market capitalisation on admission of £65.6 million. Admission provides the Group with access to the equity capital markets to support growth, increase awareness of the Group in its chosen markets and allow all employees to participate in the ownership of the Company through an employee share option plan.
Zeus Capital acted as sole broker to the Company with Grant Thornton acting as nominated advisor. Eversheds provided legal counsel and Instinctif Partners provided strategic public relations advice.
Ian Blackhurst, Group Chief Executive said:
“I am delighted at the level of institutional support we have received. In a highly fragmented market, we believe entu is unique. We are a fully integrated home improvements and energy efficiency business with a UK-wide reach. We see exciting opportunities to grow, by developing our product offering and leveraging our unified brand and website – and so bringing more choice and benefits for our customers.”