Liberum acts as Nomad and Joint Bookrunner on SigmaRoc PLC’s Placing and Retail Offer raising £30 million
We are pleased to announce that Liberum acted as Nomad and Joint Bookrunner on a Placing and Retail Offer raising £30 million for SigmaRoc PLC. The Placing and Retail Offer received a strong level of support from new and existing investors.
SigmaRoc PLC is a specialist quarrying group quoted on AIM that invests, improves, integrates and innovates companies within the quarried materials space in Europe; Liberum has acted as Joint Broker to the Company since February 2019 and Nomad since April 2022 and this is the fifth capital raise we have successfully delivered for the Company.
The proceeds of the Fundraising will part fund ten potential near term strategic acquisition opportunities and four organic growth and carbon footprint reduction projects. Taken together, the Acquisitions and Organic Investment Projects are anticipated, should they all complete, to generate approximately £42 million of net revenue, £10 million of EBITDA and profit after tax of £6 million on an annualised basis. The Acquisitions and Organic Investment Projects are expected to be modestly accretive to underlying EPS and ROIC in the first full year of ownership, are consistent with the Company's strategy and carry significant long-term potential.
The placing had high quality support, from both new and existing institutional investors. The placing price of 54 pence represented a premium of approximately 1.8% to the closing price of 53 pence on 22 February 2023, the day of launch.
Liberum acted as Joint Bookrunner alongside Peel Hunt and Redburn.
Deal Team:
IBK: Nicholas How, Ben Cryer, Jamie Richards, Cara Murphy
Sales: Oliver Baxendale
Research: Charlie Campbell
CIR: Natalie Clarke
