Gowling WLG advises Liberum and Shore Capital on CULS issue

2 minute read
29 July 2019

Gowling WLG's Equity Capital Markets team advised Liberum Capital Limited (Liberum) and Shore Capital Stockbrokers Limited (Shore Capital), as joint placing agents, in respect of the placing of £15 million of 4 per cent. convertible unsecured loan stock 2024 (CULS) issued by AIM quoted AFH Financial Group plc (AFH). The Placing was implemented by way of an accelerated bookbuild.

The CULS, which required the publication of Admission Particulars by AFH, were admitted to trading on the International Securities Market of the London Stock Exchange on 30 July 2019.

Liberum and Shore Capital were advised by Gowling WLG corporate partner Nick Heather who commented: "We are delighted to have advised Liberum and Shore Capital on an interesting transaction. Listing CULS on the International Securities Market is not a well-trodden path for an AIM listed company".

Gowling WLG's Equity Capital Markets team has extensive expertise in equity capital market transactions both in respect of AIM and full list transactions. It advises companies and investment banks/brokers that advise them.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.