Charles Russell Speechlys LLP acted for Stockdale Securities Limited as nominated adviser and broker on the admission of ECSC Group Plc to AIM
Charles Russell Speechlys was pleased to act for Stockdale Securities on the admission of ECSC Group plc to AIM on 14 December 2016. ECSC raised £5.9 million through the issue of 8.9 million shares at 167 pence each.
ECSC is a proven provider of cyber security services that offers a comprehensive range of solutions to a wide variety of clients across a diverse range of sectors. The Company’s solid blue-chip client base includes Barclays and GCHQ.
The proceeds of the Placing receivable by the Company will assist the funding of ECSC’s growth strategy through investment in the Company’s staff and by the opening of an Australian Security Operations Centre, which will strengthen its ability to provide a true 24/7 managed service. ECSC has initiated a carefully prepared plan to scale the business to meet market demand, and has undertaken significant recruitment activity, which is already well progressed for implementation immediately following Admission. The Directors also believe that Admission will, amongst other things, increase the Company’s profile and enable the Company to continue its strong track record of retaining and incentivising key employees.
Partner Andrew Collins said:
“We are delighted to have acted on the IPO of ECSC Group plc, the UK’s longest established full service information and cyber security service provider. We were able to combine our team’s significant AIM experience with our market leading expertise in the technology sector to provide a comprehensive, quality service for our client. Charles Russell Speechlys act for a wide range of innovative clients in the TMT sector, specifically in the cyber and security space.”
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