REG - Brooks Macdonald Grp - Update on Intention to Move to the Main Market

Brooks MacdonaldAnnouncement

13/03/2025 07:15

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RNS Number : 4532A  Brooks Macdonald Group PLC  13 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.

 

13 March 2025

 

 

Brooks Macdonald Group plc

Update on Intention to Move from AIM to the Main Market

 

Brooks Macdonald Group plc ("Brooks Macdonald" or the "Company") today
announces an update in relation to the proposed admission of its ordinary
shares ("Ordinary Shares") to the Equity Shares (Commercial Companies)
Category of the Official List of the FCA and to trading on the Main Market of
the London Stock Exchange ("Admission").

 

Further to its announcement on 15 January 2025, the Company expects that (i)
Admission will take place at 8.00 a.m. on 28 March 2025; and (ii) the Ordinary
Shares will be cancelled from trading on AIM at 8.00 a.m. on 28 March 2025.
The last day of trading in the Company's Ordinary Shares on AIM is therefore
expected to be 27 March 2025.

 

Admission remains subject to a number of conditions, including the approval by
the Financial Conduct Authority of a prospectus.

 

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.

 

Shareholders should note that the Company's shares will no longer be traded on
AIM with effect from Admission and should consult their own professional
advisers regarding the consequences of Admission.

 

Further announcements will be made in due course.

 

Enquiries:

Investors

Brooks Macdonald Group plc

Andrea Montague, CEO

Katherine Jones, CFO

Alexander Holcroft, Interim Director of Investor Relations

Phone: +44 (0)7418 923 061

Email: alexander.holcroft@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 (mailto: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 and trading on AIM since 2005, 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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