Case StudySandpiperCI

May 2019

SandpiperCI

Background

SandpiperCI Group Limited is an international retail and food service operator with over 80 stores across four territories. They are a franchise partner with 14 of the world’s best brands and bring shopping experiences to thousands of customers across the Channel Islands, Spain and Gibraltar.

SandpiperCI and its predecessors have over 50 years experience in successfully managing franchise operations.

Transaction

SandpiperCI’s entire issued ordinary share capital has been admitted to the Official List of TISE. The listing came three years since the Company was taken into local ownership and as part of the listing, 25.1 million shares were sold at a price of £0.75 per share, with more than 120 new shareholders, the vast majority of whom are Channel Islands’ residents. Following this successful admission, SandpiperCI now has 100,000,000 shares in issue and the opening market capitalisation of the company was £75 million.

Testimonial

“We are very pleased to have successfully listed on TISE and welcome all new shareholders to the Company. The TISE listing raises our profile while, at the same time, enabling wider participation in the ownership of the Company and providing an ongoing market for the shares.”

Tony O’Neill, CEO of SandpiperCI Group Limited

Summary

31 May 2019

Admitted to official list

100m

Shares listed on admission

25.1m

Shares sold at £0.75

£75m

Market cap upon listing

Channel Islands

Segment

Advisers

For more information please contact us.
Carolyn Gelling
Carolyn Gelling
Head of Isle of Man Office
Mike Lightfoot
Mike Lightfoot
Business Development Manager