REG - Brooks Macdonald Grp - Admission to trading on the Main Market

Brooks MacdonaldAnnouncement

28/03/2025 07:00

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RNS Number : 5932C  Brooks Macdonald Group PLC  28 March 2025

THIS ANNOUNCEMENT IS MADE FOR INFORMATION PURPOSES ONLY AND DOES NOT
CONSTITUTE AN OFFER TO SELL OR ISSUE OR SOLICITATION TO BUY, SUBSCRIBE FOR OR
OTHERWISE ACQUIRE SHARES IN BROOKS MACDONALD GROUP PLC IN ANY JURISDICTION IN
WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

 

28 March 2025

Brooks Macdonald Group plc

 

Admission to trading on the Main Market of the London Stock Exchange and AIM
cancellation

 

Further to its announcement on 24 March 2025, Brooks Macdonald Group plc
("Brooks Macdonald" or the "Company") is pleased to announce that its ordinary
shares ("Ordinary Shares") will be admitted to the Equity Shares (Commercial
Companies) Category of the Official List of the Financial Conduct Authority
("FCA") and to trading on the Main Market of the London Stock Exchange
("Admission") at 8.00 a.m. today. Simultaneously, at 8.00 a.m. today, the
Ordinary Shares will be cancelled from trading on AIM.

 

Brooks Macdonald does not intend to raise any funds or offer any new Ordinary
Shares in connection with Admission and Admission will be effected through an
introduction of the Company's existing Ordinary Shares.  Following Admission,
the Ordinary Shares will continue to be registered with their existing ISIN of
GB00B067N833 and SEDOL of B067N833. The Company's ticker will continue to be
BRK following admission.

 

On Admission, the Company's issued ordinary share capital will be 16,382,539
Ordinary Shares. There are no Ordinary Shares held in Treasury. The
aforementioned figure may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure Guidance and
Transparency Rules.

 

Andrea Montague, Brooks Macdonald CEO, commented:

"As we join the Main Market of the London Stock Exchange, I want to thank our
IFA partners and clients who have placed their trust in our incredible team to
provide consistent service, strong returns, and innovation.

 

The move will enhance the Group's corporate profile and broaden our
shareholder base. This marks the start of a new chapter, and I am excited
about us making the most of the opportunities in the UK wealth market to
deliver for all our stakeholders."

 

Enquiries:

Investors

Brooks Macdonald Group plc

Andrea Montague, CEO

Katherine Jones, CFO

Eva Hatfield, Director of Investor Relations           +44 (0) 7418
923 061

Email: eva.hatfield@brooksmacdonald.com

 

 Singer Capital Markets (Nominated Adviser and Joint Broker)
 Charles Leigh-Pemberton / James Moat  +44 (0) 20 7496 3000

 Investec Bank plc (Joint Broker and Sponsor in connection with Admission)
 Christopher Baird / David Anderson    +44 (0) 20 7597 5970

 Teneo (Media
 Enquiries)
 Misha Bayliss                         +44 (0) 20 74275465
 Oscar Burnett                         +44 (0) 20 74275435
 Email: brooksmacdonald@teneo.com

 

 

Notes to editors

About Brooks Macdonald

Brooks Macdonald Group plc is a leading provider of wealth management services
in the UK.

Proudly serving clients since 1991, Brooks Macdonald is independent,
financially strong, and aims to deliver strong and consistent investment
performance for clients to meet their financial objectives. The company's
broad and diverse product range means that clients get solutions made just for
them and allows Brooks Macdonald to support clients throughout their entire
lives as needs and circumstances change.  The company is recognised as an
innovator in the industry having been amongst the first to develop and launch
key products such as Managed Portfolio Service (MPS) and bespoke income
solutions.

Realising Ambitions. Securing Futures. We are Brooks Macdonald.

 

LEI: 213800WRDF8LB8MIEX37

www.brooksmacdonald.com / @BrooksMacdonald

 

Important information

Neither this announcement, nor any copy of it, may be taken or transmitted,
published or distributed, directly or indirectly, in or into or from the
United States, Australia, Canada, Japan or South Africa or any other
jurisdiction where to do so would constitute a violation of the relevant
securities laws of such jurisdiction. This announcement is for information
purposes only and does not constitute an offer to sell or issue, or the
solicitation of an offer to buy, acquire or subscribe for any Ordinary Shares
in any jurisdiction. Any failure to comply with these restrictions may
constitute a violation of the securities laws of such jurisdictions.

The Ordinary Shares have not been, and will not be, registered under the US
Securities Act of 1933, as amended (the "US Securities Act"), or under any
securities laws of any state or other jurisdiction of the United States and
may not be offered, sold, resold, transferred or delivered, directly or
indirectly, in or into or from the United States except pursuant to an
applicable exemption from, or in a transaction not subject to, the
registration requirements of the US Securities Act and in compliance with the
securities laws of any state or other jurisdiction of the United States. There
will be no offering of Ordinary Shares in the United States.

This announcement may include statements, beliefs or opinions that are, or may
be deemed to be, "forward-looking statements". These forward-looking
statements may be identified by the use of forward-looking terminology,
including the terms "believes", "estimates", "plans", "projects",
"anticipates", "targets", "aims", "continues", "expects", "intends", "hopes",
"may", "will", "would", "could" or "should" or, in each case, their negative
or other variations or comparable terminology, or by discussions of strategy,
plans, objectives, goals, future events or intentions. No representation or
warranty is made that any of these statements or forecasts will come to pass
or that any forecast results will be achieved. Forward-looking statements may
and often do differ materially from actual results. Any forward-looking
statements contained in the announcement speak only as of their respective
dates, reflect Brooks Macdonald's current view with respect to future events
and are subject to risks relating to future events and other risks,
uncertainties and assumptions relating to Brooks Macdonald's business, results
of operations, financial position, liquidity, prospects, growth and
strategies.

Except as required by any applicable law or regulation, Brooks Macdonald
expressly disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements contained in this
announcement or any other forward-looking statements it may make whether as a
result of new information, future developments or otherwise.

Investec Bank plc ("Investec"), which is authorised by the Prudential
Regulation Authority (the "PRA") and regulated in the United Kingdom by the
PRA and the Financial Conduct Authority, is acting exclusively for the Company
as sponsor and no one else in connection with Admission, the contents of this
announcement or any other matters described in this announcement and will not
regard any other person as its client in relation to Admission, the content of
this announcement or any other matters described in this announcement and will
not be responsible to anyone other than the Company for providing the
protections afforded to its client or for providing advice in relation to
Admission, the content of this announcement or any other matters referred to
in this announcement.

Apart from the responsibilities and liabilities, if any, which may be imposed
on Investec by the Financial Services and Markets Act 2000 or the regulatory
regime established thereunder, none of Investec nor any of its subsidiaries,
branches or affiliates owes or accepts any duty, liability or responsibility
whatsoever (whether direct or indirect, whether in contract, in tort, under
statute or otherwise) to any person in connection with this announcement, any
statement contained herein or otherwise, nor makes any representation or
warranty, express or implied, in relation to, the contents of this
announcement, including its accuracy, completeness or verification or for any
other statement purported to be made by the Company, or on behalf of the
Company, or Investec, or on behalf of Investec in connection with the Company
or Admission. Investec and its subsidiaries, branches and affiliates
accordingly disclaim to the fullest extent permitted by law all and any
responsibility or liability to any person, whether arising in tort, contract
or otherwise (save as referred to above) which they might otherwise have in
respect of this announcement or any such statement.

 

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