Deal alert: CT Automotive Group Plc
PKF supports Admission to trading on AIM
Read time: 1 min
Service: We are delighted to have supported CT Automotive Group Plc on their Admission to trading on AIM.
CT Automotive has raised gross proceeds of £33.6 million through the issue of 22,871,905 placing shares priced at 147p each, giving a market capitalisation of £75 million on Admission.
CT Automotive is a leading designer, developer and supplier of interior components to the global automotive industry. The Company plans to use the funds raised to invest in the next phase of its growth and facilitate the pursuit of strategic growth opportunities. These include enlarging its facilities in Europe and North America – including investing in new operations in Mexico and expanding existing capacity in the Czech Republic.
“We were happy to work with the Capital Markets team at PKF for our admission to AIM. They worked collaboratively with us to ensure a successful outcome and finished their work on time and within budget. We very much valued their support through the process.”
David Wilkinson, Chief Financial Officer | CT Automotive Group Plc
PKF acted as reporting accountant on the transaction and the Capital Markets team included Joseph Baulf, Lauren Haslam and Jack Devlin.