REG - Peel Hunt Limited - REX to relaunch as RetailBook

Peel HuntAnnouncement

02/02/2023 07:00

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RNS Number : 6552O  Peel Hunt Limited  02 February 2023

2 February 2023

 

Peel Hunt Limited

("Peel Hunt" or the "Company")

 

REX to relaunch as RetailBook

Collaboration with Hargreaves Lansdown, Jefferies, Numis and Rothschild &
Co

 

 

REX is Peel Hunt's retail access technology platform, which enables retail
investors to participate in capital markets transactions such as IPOs and
follow-on share offerings through intermediaries and investment platforms.

 

In our half-year trading update on 3 October 2022, we reported that we were
actively engaged in establishing REX as a standalone business independent of
Peel Hunt. We believe that independence is a prerequisite to REX asserting
itself as the leading industry platform.

 

We are pleased to announce that we have established a new legal entity named
RetailBook which, subject to receipt of its own regulatory permissions, will
own and operate a deal platform based on REX technology. RetailBook will on
launch have its own separate headquarters and will be staffed independently of
Peel Hunt.

 

In addition, we have entered into strategic agreements in relation to
REX/RetailBook, with Hargreaves Lansdown, the largest savings and
investing platform in the UK and with prominent financial institutions
Jefferies, Numis and Rothschild & Co. Under the respective agreements,
Hargreaves Lansdown has granted REX a period of exclusivity until 30 June
2023, whereas Jefferies, Numis and Rothschild & Co have agreed to
collaborate with and promote REX and/or RetailBook. In exchange, it is
envisaged that each of Hargreaves Lansdown, Jefferies, Numis and Rothschild
& Co will become shareholders in RetailBook.

REX has been gaining broader market adoption in recent months having been
mandated on nine completed capital markets transactions since August 2022,
and during the period has been involved in 50% of all completed UK equity
capital markets transactions with a retail component. Since its
establishment in 2015, REX has generated over £450m of demand from retail
investors.

 

We are focused on supporting the growth of REX, and in due course RetailBook
as an independent technology-led
platform. The launch of RetailBook, which is expected to take place
during the second half of 2023, comes at an opportune time to support the
Government's broader reformist agenda and drive for greater retail investor
inclusion in capital markets transactions.

 

For further information, please contact:

 

 Peel Hunt via MHP
 Steven Fine, CEO

 Sunil Dhall, CFOO

 MHP (Financial PR)                               +44 (0)20 3128 8540
 Tim Rowntree                                     peelhunt@mhpgroup.com

 Charlie Barker

 Robert Collett-Creedy

 Grant Thornton UK LLP (Nominated Adviser)        +44 (0)20 7728 2942
 Colin Aaronson

 Sam Littler

 Keefe, Bruyette & Woods (Corporate Broker)       +44 (0)20 7710 7600
 Alistair McKay

 Alberto Moreno Blasco

 Fred Walsh

 Dennis Towers

 

 

Notes to editors

 

About REX

REX (www.rexretail.com (http://www.rexretail.com) ) is a technology led
service connecting banks and retail intermediaries allowing companies to
access retail investors through their broker's website or app. The
collaboration of market participants using this service is an important step
towards the more equitable inclusion of retail investors in UK capital
markets.

About Peel Hunt

Peel Hunt is a leading specialist in UK investment banking, ranked number one
broker for UK Small and Mid-cap companies in Institutional Investor's 2022
Survey. Our purpose is to nurture and guide people through the evolution of
business. We achieve this through a proven, joined-up approach that
consistently delivers value to UK corporates, global institutions and trading
counterparties alike.

 

 

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