Deal alert: SigmaRoc

PKF supports Admission to trading on AIM

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We are delighted to have supported SigmaRoc plc on their admission to trading on the AIM Market of the London Stock Exchange.

The company raised approximately £260 million at a price of 85 pence per share. As set out in the Placing Announcement, the gross proceeds from the Placing will be used to satisfy the €270 million cash element of the total €470 million Consideration due pursuant to the Acquisition of Nordkalk.

Nordkalk was established in 1898 as a limestone developer in Finland and has since expanded across Northern Europe to become the leading limestone company in the region. The Enlarged Group would be a market-leading quarried materials group in Northern Europe, operating across six platforms, with 37 quarries and 76 operations across 13 countries, pro forma total assets of £740 million, over 1 billion tonnes of Reserves and Resources, and approximately 1,760 employees.

“We continue to have a strong working relationship with PKF, they are extremely professional and equally pragmatic. They are a partner to our business who supported us through this substantial transaction.”
Garth Palmer – Director | SigmaRoc plc

PKF acted as reporting accountant on the transaction and the Capital Markets team included Dominic Roberts, Adam Humphreys and Matthew Willetts.