London Stock Exchange welcomes ProCook to the Premium Segment of the Main Market
London Stock Exchange today welcomes ProCook, the UK's leading direct-to-consumer specialist kitchenware brand, designing, sourcing and retailing a high-quality range of cookware, kitchen accessories and tableware. ProCook's purpose is all about 'sharing our passion for cooking' and the brand aims to provide customers with beautiful, high quality products and significant value for money, accompanied by high levels of service and personalised inspiration and experiences. In the UK, ProCook sells directly to customers through its own proprietary website, www.procook.co.uk. It also operates its own, growing portfolio of over 50 retail stores that are spread geographically across the UK to offer customers choice, convenience, and the opportunity to test, trial and seek advice from knowledgeable and helpful colleagues.
The company has today been admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities under the ticker "PROC". The Company’s shares have been priced at 145p, giving it a market capitalisation on Admission of £158 million. The IPO will be used to support the Group's growth plans by increasing the Group's public profile and brand awareness; further improve the ability of the Group to attract and retain high quality talent; and create a liquid market in the Shares for existing and future shareholders.