A Significant Milestone: Princes Group plc Listed on the London Stock Exchange

Through the Offer, Princes Group successfully raised £400 million, bringing the market capitalisation at Admission to £1,162 million.

NewPrinces S.p.A. remains the majority shareholder of Princes Group, with the allocation of 42 million newly issued Ordinary Shares at the Offer Price, corresponding to a stake of 82.7% of the share capital, for a total value of approximately £200 million. This investment demonstrates NewPrinces’ confidence in the strategy, management and growth trajectory of Princes Group.

Angelo Mastrolia, Chairman of the NewPrinces Group, commented:

“The UK is our largest market and the home of an experienced leadership team: this decision reflects our long-term confidence in the business, the strength of our management, and the scale of the opportunity ahead of us.”

While, Simon Harrison, Chief Executive Officer of Princes Group plc, said:

“Princes has a really proud history of growth and innovation. And this IPO on the London Stock Exchange is the next logical step in that growth journey. This will help us fuel our expansion plans that will benefit not only our customers, but also everybody who works here at this great business.”

This listing marks a key milestone in the growth journey of Princes Group and the entire NewPrinces Group, strengthening our market position and laying the foundation for further development and future opportunities.

For more details, please refer to the press release available at this link.