PKF supports Admission to trading on AIM
We are delighted to have supported SigmaRoc plc on their admission to trading on the AIM Market of the London Stock Exchange.
The company raised approximately £260 million at a price of 85 pence per share. As set out in the Placing Announcement, the gross proceeds from the Placing will be used to satisfy the €270 million cash element of the total €470 million Consideration due pursuant to the Acquisition of Nordkalk.
Nordkalk was established in 1898 as a limestone developer in Finland and has since expanded across Northern Europe to become the leading limestone company in the region. The Enlarged Group would be a market-leading quarried materials group in Northern Europe, operating across six platforms, with 37 quarries and 76 operations across 13 countries, pro forma total assets of £740 million, over 1 billion tonnes of Reserves and Resources, and approximately 1,760 employees.
“We continue to have a strong working relationship with PKF, they are extremely professional and equally pragmatic. They are a partner to our business who supported us through this substantial transaction.”
Garth Palmer, Director | SigmaRoc plc
PKF acted as reporting accountant on the transaction and the Capital Markets team included Dominic Roberts, Adam Humphreys and Matthew Willetts.
