Growing Future plc from £63 million to over £1 billion
About Future plc
Future plc is a global platform for specialist media with scalable, diversified brands. The British media company was founded in 1985. It publishes more than 50 magazines in fields such as video games, technology, films, music, photography, home, and knowledge.
Future plc – Continued Distribution Capability in Practice
July 2017 – Placing and Acquisition raising £22 million. 24% new shares as a proportion of existing share capital
July 2018 – Rights Issue and Acquisition raising £105.7 million. £105.7 million gross raised through excess demand
October 2019 – Placing and Acquisition raising £104.4 million. 120% of the book was covered by Singer Capital Markets by midday on the 2nd day of meetings
November 2019 – Management Sell-Down raising £43.7 million
"Singers did a fantastic job in October with our Placing to buy the magazine and digital media company TI Media. They spoke to shareholders to help drum up excitement and the demand to buy shares. We felt like we were in good hands throughout the process, and the placing turned out to be a huge success as we ended up with five times the orders we needed, which meant we were able to sell the equity at a great price."
Chief Executive Officer of Future plc