Literacy Capital plc:

Admission to trading on the Specialist Fund Segment

Singer Capital Markets is delighted to have acted as Financial Adviser and Sole Bookrunner to Literacy Capital plc (BOOK.LN) on its Admission to trading on the Specialist Fund Segment of the London Stock Exchange’s Main Market.

60 million Ordinary Shares have today (25/06/2021) been admitted to the Specialist Fund Segment of the London Stock Exchange’s Main Market. The total number of Ordinary Shares in issue immediately following Admission is 60,000,000 and this is the total number of Ordinary Shares with voting rights in the Company.

The Company’s objectives are to achieve long term capital growth through making investments in accordance with the Investment Policy; and to provide a consistent donation to registered charities selected by the Investment Manager with the approval of the Board.

The Company’s investment policy is to invest in a diversified portfolio consisting primarily of equity and equity-related securities issued by unquoted companies.

Literacy Capital Asset Management LLP (the “Investment Manager”) is the Company’s investment manager. The Investment Manager, which is sector agnostic in its approach, looks to identify compelling opportunities for investment in under-served parts of the market. It has a core focus on companies which generate EBITDA between £1 million and £5 million, and will typically invest in family-owned and founder-led businesses.

Paul Pindar, Chairman of Literacy Capital, said:

“Literacy Capital is delighted to bring this compelling opportunity to market, providing investors access to a differentiated investment approach to private equity. We believe we have a unique offering, an alternative way of working with founders and owners of small businesses that offers strong, long-term investment support with a social purpose at its centre.”

Richard Pindar, Chief Executive Officer of Literacy Capital, said:

“We invest in founder-led and owned businesses that we can work closely with as engaged and active shareholders to offer guidance and encourage innovation in this under-served part of the market. We can help to attract high calibre individuals to create complete teams, which can assist these companies thrive long term.”

Singer Capital Markets is acting as Financial Adviser and Sole Bookrunner to Literacy Capital plc.

About Literacy Capital plc

Literacy Capital is a closed-end investment company focused on investing in and supporting UK businesses and helping their management teams to achieve long-term success. They are also unique in that they are the only investment fund of their type to have been set up with a charitable objective. The team’s core focus is investing in private businesses where a clear route to creating additional value can be seen with their support.

More than £1.9 million has been donated or reserved for donation to charities since its creation in 2017.

Ticker: BOOK
Market Cap: £96 million*
Website: Click here

*As at 25/06/2021