London Stock Exchange welcomes Made Tech Group plc to AIM

London Stock Exchange today welcomes Made Tech Group plc (AIM: MTEC) to trading on AIM. Founded in 2008 by CEO Rory MacDonald, Made Tech is a leading provider of digital, data and technology services to the UK public sector.

The Group’s primary clients are the departments, agencies and arm’s length bodies of UK Government. Made Tech has several high-profile clients, including the Home Office, DVLA, HMRC, Department for Education, Department for International Trade and the Ministry of Justice.

The Group, which has a team of approximately 240 staff in the UK, with offices in London, Swansea, Manchester and Bristol, has raised gross proceeds of £85.4 million at a placing price of 122 pence per share, of which £15.0 million has been raised for the Group, and £70.4 million for certain selling shareholders. On admission to trading on AIM, Made Tech will have a market capitalisation of approximately £180.7 million at the Placing Price.

The money raised will support Made Tech’s next stage of growth, including opening new offices in Scotland, the Midlands, and the North of England; the introduction of new service lines; the expansion of the Group within the health, defence, and local government markets; and the hiring of senior business leaders across the health, defence, and local government markets.

Quick facts

Market: AIM
Instrument market cap (£m)
Listing/Admission to trading
30 Sep 2021

Rory MacDonald, CEO of Made Tech, said:

"Our mission is focused on improving public sector technology. Becoming a publicly listed company will raise the profile of Made Tech, and enhance our ability to serve our existing clients across UK Government. In addition, it will support the next stage of our development as we seek to diversify our offer to customers, open new offices across the UK and hire senior business leaders to drive our expansion. We are extremely excited about this next stage of Made Tech’s journey.”

“I am delighted that Made Tech received such significant interest from investors, this represents a real endorsement of our strategy and growth trajectory. I welcome our new investors and look forward to working together closely in the future.”

Singer Capital Markets acted as Nominated Adviser and Joint Broker alongside Berenberg as Joint Broker. Fieldfisher were the legal advisers to the Company, and SEC Newgate provided Financial PR support.

Looking for new and recent issues?

More recent

London Stock Exchange welcomes Kin + Carta to celebrate becoming the first B Corporation on the Main Market

London Stock Exchange welcomes global digital transformation consultancy Kin + Carta for a Market Open ceremony to celebrate it becoming the first company to certify as a B Corp on the London Stock Exchange.

The rigorous, independent B Corp assessment evaluates how a company's operations and business model impacts on employees, communities, the environment, and customers. Certificatio

Learn more
London Stock Exchange welcomes Skillcast Group plc to AIM

The Skillcast Group sets up compliance portals to help companies educate their staff and record, analyse, and evidence staff activities to cope with their regulatory and ESG (environmental, social and governance) obligations. Its technology application provides e-learning management, in-person training management, CPD (continuing professional development), policy attestation, staff declarations

Learn more
London Stock Exchange welcomes Hambro Perks Acquisition Company

London Stock Exchange welcomes Hambro Perks Acquisition Company, a special purpose acquisition vehicle sponsored by Hambro Perks Limited, the international investment firm focused on technology investing, to the Main Market under the ticker symbol HPA1.

Hambro Perks was founded in 2013 with the aim of providing capital and hands-on support to innovative and

Learn more
London Stock Exchange Welcomes Gelion Plc to AIM

London Stock Exchange today welcomes Gelion plc, the global energy storage innovator, on to the AIM market.

Gelion’s mission is to provide global energy storage solutions that are robust, safe and affordable with low environmental impact, enabling clean power and fresh water for all.

The Company aims to positively impact the transition to a net-zero-carbon economy by deployi

Learn more