Liberum acts as Nomad and Sole Bookrunner on £22m fundraising for The City Pub Group plc

We are pleased to announce that Liberum acted as Nomad and Sole Bookrunner on a £15m Placing and £7m Open Offer to raise £22m in aggregate for The City Pub Group plc. The oversubscribed Placing received strong demand from existing and new high-quality institutional investors. The Placing and Open Offer shares were issued at 50p and represent 42% of the Company’s enlarged issued share capital.

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The net proceeds of the Placing and Open Offer will be used primarily to strengthen the Company's balance sheet during this ongoing suspended trading environment and also, should the right opportunities arise, to expand the Company's portfolio of pubs at a time when the Directors' believe acquisition prices will be reduced in the short term.

Liberum has been Nomad and Joint Broker to the Company since its IPO in 2017 and acted as Joint Bookrunner on its £6m placing in 2018.

Liberum Team:

Investment Banking – Chris Clarke, Clayton Bush, Edward Thomas, Kane Collings, Anthony Schia

Sales – Oliver Baxendale, Jamie Vickers, Julian Collett, Alistair Smallwood

Research – Anna Barnfather, Andrew Wilkinson

Legal – Rebecca Gordon, Alice Foster

CIR – Natalie Clarke

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London

Ropemaker Place, Level 12 25 Ropemaker Street London EC2Y 9LY [email protected] +44 (0)20 3100 2000

Leeds

Northspring, 36 Park Row Leeds, LS1 5JL [email protected] +44 (0)113 841 9700

Cambridge

50-60 Station Road Cambridge, CB1 2JH [email protected] +44 (0)113 841 9700
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New York

20th Floor 575 Fifth Avenue New York NY 10017 [email protected] +1 212 596 4800