Deal alert: Vulcan Industries Plc
Admission to the AQSE Growth Market
Vulcan Industries plc was established to develop a precision engineering group of companies, manufacturing and fabricating products for a global client base.
To date, Vulcan has completed four acquisitions, with agreement for a fifth, employing over 90 staff at four sites across the UK.
The placing and subscription to AQSE Growth Market raised gross proceeds of £746,500 at a placing price of 3 pence per share. The net proceeds from the fundraising will provide general working capital and will allow the company to continue to pursue its acquisition strategy. Market capitalisation at 3p is £6,978,250.
Leading audit, accountancy, tax and advisory firm PKF Littlejohn acted as reporting accountant on the transaction and the Capital Markets team included Dominic Roberts, Joseph Archer and Joseph Baulf.
“For our admission to the AQSE Growth Market, we wanted to work with an experienced reporting accountant who could support our wider advisory team in an efficient manner. We were very pleased with the work and support PKF Littlejohn provided.”
Ian Tordoff, Chairman | Vulcan Industries Plc
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