Stock Spirits Group plc joins the Main Market

Stock Spirits Group plc joins the Main Market

Friday 25th October 2013

Stock Spirits Group plc, the leading Central and Eastern European branded spirits producer, is delighted to be joining the Main Market of the London Stock Exchange.  The Group, whose principal product category is vodka, has the largest market share for spirits in Poland and the Czech Republic and is the leading vodka company in both countries.  It is also the leader in the vodka-based flavoured liqueurs and limoncello categories in Italy, has the largest market share for the bitters category in Slovakia and the largest market share for imported brandy in Croatia and Bosnia & Herzegovina.

The Offer, conducted by way of an institutional private placing, raised gross proceeds of £258.5 million, comprising a primary component of £52.0 million and secondary sales of £206.5 million.  The net proceeds will be used to repay a portion of its indebtedness.  Based on the Offer Price, the total market capitalisation at the commencement of conditional dealings was approximately £470 million.

Chris Heath, Chief Executive, said: “The successful Admission to the London Stock Exchange represents an important milestone and is the next logical step to support the company’s ambitious growth plans.  This gives us a great platform to realise our goal of becoming the leading spirits player across the Central European region.  We are extremely excited about this next phase in the company’s development.”

J.P. Morgan Cazenove and Nomura acted as Joint Sponsors, Joint Global Co-ordinators and Joint Bookrunners, Jefferies acted as Joint Bookrunner and Berenberg acted as Lead Manager.