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18 Aug 2021

Stephenson Harwood advises on McColl’s £35 million proposed fundraise

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Law firm Stephenson Harwood LLP has advised the sponsor and joint brokers, Panmure Gordon and Singer Capital Markets, on McColl's Retail Group plc’s (McColl’s) £35 million fundraise, by way of a proposed firm placing and open offer at a price of 20 pence per new ordinary share.

McColl's is a British convenience shop and newsagent operator listed on the Main Market of the London Stock Exchange, with a portfolio of more than 1,200 managed convenience stores and newsagents. This proposed fundraise would enable the company to accelerate its growth strategy – specifically rolling out further Morrisons Daily stores – improve the infrastructure on the Morrisons Daily sites, invest in its wider portfolio and reduce its financial leverage.

The Stephenson Harwood team was led by corporate finance partners Tom Nicholls and David Dowding, with support from associates Kate Longman and Jack Digby.

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KEY CONTACT

David Dowding

David Dowding
Partner

T:  +44 20 7809 2162 M:  +44 77 1242 9038 Email David | Vcard Office:  London

Tom Nicholls

Tom Nicholls
Partner

T:  +44 20 7809 2555 M:  +44 7843 517 965 Email Tom | Vcard Office:  London

MEDIA CONTACT

Rose Charteris
Senior communications and PR executive

T: +44 20 7809 2961 
Email Rose

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