The parent company of Filta has listed on the London Stock Exchange.
Filta Group Holdings plc is pleased to announce its admission to trading on AIM. Dealings in the Company’s ordinary shares trade under the stock ticker “FLTA.L”.
Filta Group Holdings plc is the parent company of the companies that make up the Filta brand.
Filta, through its FiltaFry franchise network, services over 5,000 commercial kitchens every week. As at 30 June 2016, the Group had 169 Franchise Owners, of which 130 were located in the US and 39 in the UK.
Filta also has two UK company owned operations Fita-Seal and Filta Refrigeration with more than 20 vans on the road.
Further details can be found on the Company’s website at http://filtaplc.com/.
Summary of the placing:
- The number of ordinary shares in issue immediately after admission was 26,952,659, giving the Company a market capitalisation of £22.4 million at the placing price of 83 pence per ordinary share. At 21 Dec 2017, the share price was trading at 133 pence per share.
- Cenkos Securities is acting as Nominated Adviser and Broker to the Company.
Jason Sayers, CEO of Filta, commented: “The IPO marks an important milestone in the continued growth of Filta. Our listing allows us to accelerate the growth of our franchise network in the US and UK, the markets they serve and the services they provide. Further, it allows the Group to continue to grow its direct services to assist commercial kitchen operators. Our focus will continue to be on growing our recurring revenue base to create value for all Franchise Owners and Shareholders.”