REG - Marks Electrical Grp - Appointment of Joint Corporate Broker

Marks ElectricalAnnouncement

09/05/2022 07:00

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RNS Number : 6889K  Marks Electrical Group plc  09 May 2022

9 May 2022

 

 

 

Marks Electrical Group plc

Appointment of Joint Corporate Broker

Marks Electrical Group plc ("Marks Electrical" or "The Group"), a fast-growing
online electrical retailer, is pleased to announce the appointment of
Berenberg as joint corporate broker, to work alongside Panmure Gordon, with
immediate effect.

Enquiries:

Marks Electrical Group
plc
        via Dentons Global Advisors

Mark Smithson,
CEO

Josh Egan, CFO
 

 

Dentons Global Advisors (Financial PR)
 
markselectrical@dentonsglobaladvisors.com
(mailto:markselectrical@dentonsglobaladvisors.com)

James Styles
 
Tel: +44 (0)20 7664 5095

Fern Duncan
 

 

Panmure Gordon (NOMAD and Joint Corporate Broker)
                                           Tel: +44 (0)
207 886 2500

Oliver Cardigan, Ailsa Macmaster (Corporate
Finance)

Erik Anderson (Corporate Broking)

 

 

Berenberg (Joint Corporate Broker)
 
               Tel: +44 (0) 20 3207 7800

Matthew Armitt / Michelle Wilson / Jack Botros (UK Investment Banking)

 

About Marks Electrical

Marks Electrical is a fast growing, highly scalable, technology driven
e-commerce electricals retailer which sells, delivers, installs and recycles a
wide range of household electrical products. The Group was founded in
Leicester in 1987 by Mark Smithson and has scaled up into a nationwide online
retailer with a compelling growth track record, thanks to its vertically
integrated, low-cost, high-quality operating model, supported by the ongoing
structural shift of consumers to purchase online. The Company operates within
the UK Major Domestic Appliances (MDA) market, estimated to be worth
approximately £5.3 billion.

Primarily through its simple, clear and intuitive website -
markselectrical.co.uk - the Company offers over 3,000 products from over fifty
leading brands across its main product categories, which include Cooking,
Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These
products are sourced from UK distributors of the brands, with whom the Group
maintains strong and direct relationships. Marks Electrical delivers direct to
customers in its owned and branded vehicles, operated by the Group's skilled
team of delivery drivers, who are also able to offer installation and
recycling services.

For further information, visit: https://group.markselectrical.co.uk
(https://group.markselectrical.co.uk/)  and https://markselectrical.co.uk/
(https://markselectrical.co.uk/) .

 

 

 

 

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