KWM London advised SPARK Advisory Partners Limited (Nomad), Peterhouse Capital Limited (Joint Broker) and Pello Capital Limited (Joint Broker) on Cornerstone FS plc’s listing on AIM.
Cornerstone FS plc, the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, announced the admission of its entire issued and to be issued share capital to trading on the AIM market of the London Stock Exchange under the ticker “CSFS”.
Cornerstone has successfully placed 3,664,648 new ordinary shares at a price of 61 pence per ordinary share. The Company has raised gross proceeds of £2.69 million comprising £2.24 million via the Placing and £450,000 via Convertible Loan Note Facilities. The shares sold under the Placing represent approximately 18 per cent of the Company’s issued share capital. On Admission, the market capitalisation of the Company will be approximately £12.4 million.
SPARK Advisory Partners Limited acted as Nominated Adviser, and Peterhouse Capital Limited and Pello Capital Limited as Joint Brokers in relation to the Admission.
The KWM team was led by London partner Greg Stonefield (Picture), assisted by senior associate Jenny Willcock and associate Jonny Forrest.
Law Firms: King & Wood Mallesons;