London Stock Exchange welcomes Just Retirement Group to the Main Market

London Stock Exchange welcomes Just Retirement Group to the Main Market

Friday 15th November 2013

London Stock Exchange today has welcomed Just Retirement Group plc to open its UK markets, marking the successful listing of the Company’s ordinary shares `to the premium listing segment of the Official List and to trading on London Stock Exchange.

Established in 2004, Just Retirement is a specialist UK financial services group focusing on high growth segments of the UK retirement income market. It is a leading provider of individually underwritten annuities and equity release lifetime mortgages in the United Kingdom.

Shares were priced at 225p each, valuing Just Retirement at approximately £1.125 billion. The initial public offering raised gross proceeds of approximately £300 million for Just Retirement.

Rodney Cook, Chief Executive Officer of Just Retirement Group plc, said:

“We are delighted investors have responded so positively to the strength of our differentiated business model and proprietary intellectual property.   We look forward to executing our growth strategy as a listed company and bringing increasing value to our customers and shareholders as we introduce further innovation into the retirement income market.  Our listing on the London Stock Exchange is an important milestone for the business and we look forward to welcoming our new shareholders “

Deutsche Bank AG, London Branch and Nomura International plc acted as Joint Global Co-ordinators, Joint Bookrunners and Joint Sponsors. Execution Noble & Company Limited, Keefe Bruyette & Woods Limited and Panmure Gordon (UK) Limited acted as Co-lead Managers.  Temple Bar Advisory acted as financial public relations adviser to the Group.