Announcement of Pricing and Offer Size
Shawbrook priced IPO at 370p per share, raising £50m new capital and £298m from existing shareholder sale.
- Offer Price 370 pence per Share
- Market capitalisation at admission approximately £1.92 billion
- Gross proceeds from new shares £50 million
- Total offer size £348 million
- Percentage of issued share capital approximately 18.1%
- Issued share capital post-admission 519,687,271 Shares
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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 the price range prospectus approved by the FCA (together with any supplementary prospectus, if relevant, the "Prospectus"), including the risk factors set out therein, published by the Company in connection with the proposed offer of ordinary shares in the Company ("Shares") and the proposed 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 the Prospectus published by the Company is available for inspection on the Company's website at https://www.shawbrook.co.uk/investors/, subject to certain access restrictions.
Shawbrook Group plc
Announcement of Pricing and Offer Size
Following the announcement of the price range published on 21 October 2025 in connection with its initial public offering (the "IPO" or the "Offer"), Shawbrook Group plc today announces the successful pricing of its IPO at 370 pence per Share (the "Offer Price").
Based on the Offer Price, Shawbrook's market capitalisation will be approximately £1.92 billion at the commencement of conditional dealings on the Main Market for listed securities of the London Stock Exchange at 8:00am on 30 October 2025.
Marcelino Castrillo, Chief Executive Officer, said:
"The strong support we have received from investors across the UK, Europe and the US, reflects the strength of Shawbrook's proposition and the business we have built. We are proud to be listing in London - our home market - a milestone that positions us well for the opportunities ahead.
"We have built scale across diverse, attractive markets and, following significant investment under private ownership, are well placed to keep growing as we support UK businesses and households.
"As a listed company, we will continue to invest in our platform and people, deepen our presence in chosen markets and expand selectively where we see attractive demand. Our priorities are clear: keep supporting our customers and deliver sustainable, profitable growth and long-term value for all stakeholders."
Offer Highlights:
| • | The Offer Price has been set at 370 pence per Share, implying a market capitalisation at the commencement of conditional dealings of approximately £1.92 billion. |
| • | The Offer comprises 13,513,513 new Shares to raise £50 million of gross proceeds, and 80,493,537 existing Shares being sold by the Company's existing sole shareholder, Marlin Bidco Limited. 1 |
| • | This equates to a total offer size of £348 million and represents approximately 18.1 per cent. of the Company's issued share capital on Admission. 1 |
| • | Up to an additional 14,101,057 Shares are being made available by Marlin Bidco Limited pursuant to the over-allotment option. Immediately following Admission, the Company's issued share capital will be 519,687,271 Shares. |
| • | The Offer was also made to retail investors resident and physically present in the United Kingdom only (in reliance on Regulation S under the Securities Act) through Retail Book Limited's partner network of investment platforms, retail brokers and wealth managers, subject to such partners' participation in the Offer (the " Retail Offer "). Of the 94,007,050 Shares sold in the Offer, 6,756,757 Shares will be sold through the Retail Offer, raising approximately £25 million. |
| Admission and Dealings: | |
| • | Commencement of conditional dealings in the Shares on the London Stock Exchange is expected to take place at 8:00 a.m. on 30 October 2025 under the ticker SHAW (ISIN: GB00BV9DPV21). Investors should note that only those who applied for and were allocated Shares in the Offer will be able to deal in the Shares on a conditional basis. Retail investors should consult their relevant intermediary to confirm the extent to which such intermediary is able to facilitate their participation in conditional dealings. |
| • | Admission of the Shares to the equity shares (commercial companies) category of the Official List of the FCA and to trading on the London Stock Exchange's Main Market for listed securities, and the commencement of unconditional dealings in the Shares on the London Stock Exchange, is expected to occur at 8:00 a.m. on 4 November 2025. All dealings in Shares before the commencement of unconditional dealings will be of no effect unless and until Admission occurs. |
| • | The pricing statement related to the Offer will be published later today on the Company's website at https://www.shawbrook.co.uk/investors/, subject to certain access restrictions. |
Footnotes: 1. Assumes no exercise of the over-allotment option. For more information, please contact:
| Teneo (PR adviser to Shawbrook) Tom Murray Zander Swinburne Oscar Burnett | T: +44 (0) 20 7260 2700 |
| Ardea Partners (Financial Adviser) Simon Lyons Michael Gregg | T: +44 (0) 20 3848 8700 |
| Barclays (Joint Global Co-ordinator and Joint Bookrunner) Arif Vohra Chris Madderson Matthew Naylor Ben Newmark | T: +44 (0) 20 7623 2323 |
| Goldman Sachs International (Sponsor, Joint Global Co-ordinator and Joint Bookrunner) Ronan Breen John Wilkinson Owain Evans Laura Vincent | T: +44 (0) 20 7774 1000 |
| KBW (Joint Bookrunner) Alberto Moreno Alexander Smith Erik Anderson | T: +44 (0) 20 7710 7600 |
| Deutsche Numis (Joint Bookrunner) Daniel Werchola Inigo de Areilza Jamie Loughborough Michael Stocker | T: +44 (0) 20 7260 1000 |
| UBS (Joint Bookrunner) Ben Crystal Rahul Luthra Alex Bloch Marco Guarino | T: +44 (0) 20 7567 8000 |
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.