Confirmation of Intention to Float
Shawbrook confirms intention to float on London Stock Exchange, raising £50m, admission expected early November 2025.
- Loan book £18.3 billion (prior £17.0 billion)
- Customer deposits £17.6 billion (prior £16.7 billion)
- Net proceeds to raise £50 million
- Organic originations (Q3) £1.5 billion
- ThinCats acquisition loan book contribution £0.6 billion
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Neither this announcement, nor anything contained herein, nor anything contained in the registration document published by Shawbrook Group plc (the "Company" and, together with its subsidiaries, the "Group" or "Shawbrook") on 6 October 2025 (the "Registration Document") shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not subscribe for or purchase any shares referred to in this announcement or the Registration Document except solely on the basis of the information contained in a prospectus approved by the FCA (together with any supplementary prospectus, if relevant, the "Prospectus"), including the risk factors set out therein, that may be published by the Company in due course in connection with a possible offer of ordinary shares in the Company ("Shares") and the possible admission of such Shares to the Official List of the FCA in the equity shares (commercial companies) category and to trading on the Main Market for listed securities of the London Stock Exchange plc (the "London Stock Exchange"). A copy of any Prospectus published by the Company will, if published, be available for inspection on the Company's website at https://www.shawbrook.co.uk/investors/, subject to certain access restrictions.
Shawbrook Group plc
Confirmation of Intention to Float on the Main Market of the London Stock Exchange
and Update on Q3 Trading
Following the announcement on 6 October 2025 of its expected intention to float on the London Stock Exchange, Shawbrook Group plc today confirms its intention to proceed with an initial public offering (the "IPO" or the "Offer") and confirms certain details of the Offer, alongside an update on Q3 trading.
The Company intends to apply for admission of its ordinary shares to the equity shares (commercial companies) category of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange (together, "Admission") which is currently expected to occur in early November 2025.
Confirmation of Offer details:
| • | The Company expects that its Shares will be admitted to the equity shares (commercial companies) category of the FCA's Official List and to trading on the Main Market of the London Stock Exchange. |
| • | The Offer will comprise new Shares to be issued by the Company, with the intention to raise £50 million of net proceeds, and existing Shares to be sold by the Company's existing sole shareholder, Marlin Bidco Limited. In addition, it is expected that Shares representing up to a further 15 per cent of the Offer would be made available pursuant to an over-allotment option. |
| • | Any additional details in relation to the Offer, including the indicative price range and size range for the Offer, will be disclosed in a Prospectus which is expected to be published in connection with the Offer in mid-late October 2025. |
| • | The final offer price in respect of the Offer will be determined following publication of the Prospectus and subject to the completion of a book-building process, and is currently expected to be announced in late October 2025. |
| • | Immediately following Admission, the Company expects it would have, at a minimum, a free float that would make it eligible for inclusion in the FTSE UK indices. |
| • | The Company has engaged Ardea Partners International LLP as financial adviser, Goldman Sachs International as Sponsor, Joint Global Coordinator and Joint Bookrunner, Barclays Bank PLC as Joint Global Coordinator and Joint Bookrunner, and Deutsche Bank AG, London Branch (trading as Deutsche Numis), Stifel Nicolaus Europe Limited (trading as KBW) and UBS AG, London Branch as Joint Bookrunners. |
Update on Q3 2025 trading
Since 30 June 2025, the Group has continued its trajectory of strong loan book growth, with the loan book increasing to £18.3 billion (including structured asset sales)1 as at 30 September 2025 (30 June 2025: £17.0 billion). This loan book growth has been driven by a strong level of organic originations, which were approximately £1.5 billion for the three-month period ended 30 September 2025, complemented by the contribution from the Group's strategic acquisition of the ThinCats group (which had a £0.6 billion loan book at completion of the transaction). In addition, the Group's savings franchise has continued to perform well, with customer deposits increasing to £17.6 billion as at 30 September 2025 (30 June 2025: £16.7 billion).
The Group will report its full trading update for the nine months ended 30 September 2025 on 13 November 2025.
Footnotes:
- The loan book excluding structured assets sales was £17.1 billion as at 30 September 2025.
Slaughter and May is acting as legal adviser to Shawbrook.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.