Building Materials Firm Brickability To Raise GBP57 Million In London IPO

(Alliance News) - Construction materials provider Brickability Group PLC said Wednesday it ...

Alliance News 14 August, 2019 | 1:12PM
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(Alliance News) - Construction materials provider Brickability Group PLC said Wednesday it intends to raise GBP57 million through its initial public offering on London's junior AIM market, scheduled for August 29.

Brickability has not disclosed the amount of shares to be issued, or at what price, however it expects a market capitalisation of GBP150 million on admission.

Cenkos Securities is to act as nominated adviser and broker.

Brickability provides bricks and other construction materials to housebuilders, developers, contractors and housing associations in the UK, as well as retailing materials to general customers.

By Dayo Laniyan; dayolaniyan@alliancenews.com

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