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CityFibre Raises £16.5M From IPO

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1/17/2014
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LONDON -- CityFibre Infrastructure Holdings plc (AIM: CFHL), the company that owns, builds and operates fibre optic infrastructure, is pleased to announce that Admission and trading of its Ordinary Shares commences at 8.00am today on the AIM market of the London Stock Exchange (“AIM”). Please find attached the full announcement.

Admission details:

  • The Fundraising raised approximately £16.5 million, before expenses, through the issue of 27,653,276 Ordinary Shares;
  • The total number of Ordinary Shares in issue at Admission is 52,314,648, giving the Group a market capitalisation of approximately £31.4 million at the Issue Price;
  • The proceeds of the Fundraising will be used to expand the Group’s fibre optic infrastructures, by connecting businesses, local government and consumer customers to its networks, and to deploy infrastructure in selected regional cities, either through the construction of new networks or the acquisition of existing fibre infrastructure;
  • finnCap plc is acting as Nominated Advisor and finnCap plc and Liberum are Joint Brokers to the Group; and
  • CityFibre’s TIDM Code is CFHL and its ISIN number is GB00BH581H10.

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