Singer Capital Markets is delighted to have acted as Joint Bookrunner to McColl’s Retail Group plc on it’s successful Firm Placing and Open Offer, raising total proceeds of £33 million.
The net proceeds of the Firm Placing together with the proceeds from the Open Offer will be used to:
Jonathan Miller, Chief Executive Officer of McColl’s Retail Group plc, commented:
“Today’s successful capital raise represents a transformational opportunity to accelerate our strategy and capitalise on the growth opportunity available to us in food-led convenience. On behalf of the Board, I would like to thank our existing shareholders for their ongoing support and welcome all new shareholders in the Company.”
Singer Capital Markets is acting as Joint Broker to McColl’s Retail Group plc.
About McColl’s Retail Group plc
McColl’s is a leading neighbourhood retailer, with an estate of around 1,300 managed convenience stores and newsagents. They operate McColl’s branded convenience stores as well as newsagents branded Martin’s across the UK, except in Scotland where they operate under their heritage brand, RS McColl.
Ticker: MCLS
Market Cap: £57 million*
Website: Click here
*As at 07/09/2021