Shore Capital is pleased to have acted for Sukh Chamdal, Chief Executive Officer of Cake Box Holdings plc (“Cake Box”), on the sale of £6.4m of his holding in Cake Box (the “Placing”).
The Placing, which was in response to demand from investors and to increase the liquidity of Cake Box’s shares, was conducted through an accelerated bookbuild with Shore Capital acting as sole bookrunner. Sukh Chamdal sold 3.75m shares in Cake Box at a price of 170p per share, raising aggregate gross proceeds of approximately £6.4m. Sukh Chamdal retains a significant holding in Cake Box of 12.79m ordinary shares, representing approximately 31.97 per cent of Cake Box’s issued share capital.
Shore Capital also acts as retained nominated adviser and broker to Cake Box, a specialist retailer of fresh cream cakes.
For further information please contact:
Shore Capital +44 (0) 20 7408 4090
Corporate Broking: Fiona Conroy
For Shore Capital media enquiries, please contact:
Adele Gilbert: +44 (0)74 8477 8331
Note to editor
About Shore Capital
We are an independent securities business offering institutional and corporate clients leading investment banking, research, sales and trading services, including fixed income. We are represented across the UK enabling extensive distribution and institutional coverage. This distribution capability is complemented by our experienced corporate advisory and broking team who offer discreet, innovative and valued advice to companies on both the Main Market and AIM. Shore Capital is also the 3rd largest market maker by number of AIM stocks covered.
Our cross-disciplinary team has deep, market leading experience in a wide range of small and mid-cap UK companies within the following sectors: Consumer, Financials, Healthcare, Insurance, Natural Resources, Real Estate, Support Services, Technology and Media. Our research on over 250 companies is distributed to an extensive institutional client base in the UK and Europe.
Shore Capital is a trading name of both Shore Capital Stockbrokers Limited and Shore Capital and Corporate Limited.