Safe Harbour Holdings plc’s Initial Public Offering

Covington & Burling and Ogier advised on the transaction

Safe Harbour Holdings plc, a company established with the objective of creating a global leader in B2B distribution and/or business services, is pleased to announce its admission to trading on the AIM market of the London Stock Exchange. The Company’s ordinary shares will trade under the ticker SHH-GB and ISIN JE00BF03FZ36.

The Company has successfully raised £22.7 million before expenses through the placing of 18,916,665 ordinary shares at a price of 120p per ordinary share (the “Placing Price”). This is in addition to the £10 million already raised from funds managed by Marwyn Asset Management Limited (“MAML”) at 120p per ordinary share. On Admission, the Company will have 27,250,001 ordinary shares of no par value in issue, and a market capitalisation of approximately £32.7 million at the Placing Price.

Safe Harbour intends to acquire a platform business with an enterprise value in the region of £250 million to £1.5 billion with a market-leading position in the UK, North America or Europe. The initial acquisition is intended to provide a platform for the creation of significant shareholder value through a well-executed buy-and-build strategy.

Rodrigo Mascarenhas, Safe Harbour’s Chief Executive Officer, has 17 years of international business experience, having most recently spent 10 years successfully delivering international growth acquisitions for the FTSE-100 international distributor and outsourcer, Bunzl plc. Rodrigo will be supported by Avril Palmer-Baunack (Non-Executive Chairman) and the founders of the Marwyn Group (“Marwyn”)¹, James Corsellis and Mark Brangstrup Watts (both Executive Directors). The Company intends to appoint an independent non-executive director to the Board shortly following Admission, and a finance director to the Board at or around the time of the platform acquisition.

Cenkos Securities plc acted as Nominated Adviser, Joint Broker and Joint Bookrunner to the placing. Macquarie Capital (Europe) Limited and Numis Securities Limited acted as Joint Brokers and Joint Bookrunners.

Covington & Burling LLP acted as onshore counsel to Safe Harbour

Ogier assisted Safe Harbour Holdings plc with a team including Niamh Lalor (Picture) and Tara Kapur

Involved fees earner: Niamh Lalor – Ogier LLP; Tara Kapur – Ogier LLP;

Law Firms: Ogier LLP;

Clients: Safe Harbour Holdings plc;

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