Liberum acts as Nomad and Sole Bookrunner on £22m fundraising for Hotel Chocolat

We are pleased to announce that Liberum acted as Nomad and Sole Bookrunner on the placing to raise £22m for Hotel Chocolat.

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The Placing received strong demand from both existing and new high-quality institutional investors. The Placing shares were issued at 225p, a discount of 3%, and represent 8.5% of Hotel Chocolat’s enlarged issued share capital.

In common with the broader sector, Hotel Chocolat’s trading performance has been impacted by the COVID-19 virus. However, Hotel Chocolat remains committed to its long-term growth plans and opportunities both in the UK and internationally. The net proceeds of the Placing will therefore be utilised to fund growth capital investment and underpin Hotel Chocolat’s growth plan.

Hotel Chocolat is a British chocolatier and multi-channel retailer of premium chocolate and cocoa-related products.

Liberum Team:

Board - Shane Le Prevost, David Parsons

Investment Banking - Clayton Bush, Andrew Godber, James Greenwood, Miquela Bezuidenhoudt, Anthony Schia

Sales - Julian Collett, Lucy Sharma, Oliver Baxendale, Alistair Smallwood, Seb Fernandez, Nicholas Lee, Jamie Vickers

Research - Wayne Brown, Adam Tomlinson

Legal - Rebecca Gordon, Alice Foster

CIR - Lynsey Cox, Marcio Remedios

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