Business
Admission to trading on AIM
Admission to trading on AIM.
About this update from Cake Box Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 6731S Cake Box Holdings PLC 27 June 2018 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, JAPAN, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA OR AUSTRALIA, OR TO BE TRANSMITTED OR DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.\n \nCake Box Holdings plc\n(\"Cake Box\" or the \"Company\" or the \"Group\")\n \nADMISSION TO TRADING ON AIM AND FIRST DAY OF DEALINGS\n \nDealings commence at 8 am on 27 June 2018\n \nCake Box, the specialist retailer of fresh cream cakes, is pleased to announce that admission and dealings in its Ordinary Shares will commence today at 8.00 a.m. on the AIM market of the London Stock Exchange under the ticker symbol CBOX with ISIN GB00BDZWB751. The Company's admission document is available to view on its website www.eggfreecake.co.uk.\n \nShore Capital is acting as Nomad, Sole Bookrunner and Sole Broker in relation to the Admission and Placing and is acting as Nomad and Sole Broker to the Company following Admission.\n \nThe Placing undertaken in conjunction with the Admission was heavily oversubscribed and further detail is set out in the table below.\n \n \nPlacing statistics\n \n\n\n\nNumber of Existing Ordinary Shares in issue on Admission\n \n\n\n40,000,000\n\n\n\n\nGross proceeds from the Placing for the Vendors\n \n\n\nc. £16.5 million\n\n\n\n\nNumber of Placing Shares sold by the Vendors\n \n\n\n15,298,720\n\n\n\n\nPlacing Price per Placing Share\n \n\n\n108p\n\n\n\n\nPlacing Shares as a percentage of the Existing Ordinary Shares\n \n\n\nc. 38.2 per cent.\n\n\n\n\nMarket capitalisation of the Company at the Placing Price on Admission\n \n\n\n£43.2 million\n\n\n\n \nSukh Chamdal, Chief Executive Officer or Cake Box, commented:\n \n\"Our IPO is the latest phase of an exciting journey for Cake Box and I am delighted with the very strong reception we have received.\n \n\"Over the past decade, we have built a fast-growing franchise business, w...