FFW advises Sovereign Reversions PLC on its £18.3 million fundraising and admission to AIM
31 March 2004
FFW are acting for Sovereign Reversions PLC on its £18.3 million
placing and open offer and admission to AIM, capitalising Sovereign
at over £32 million. Sovereign is due to be admitted to AIM
on 16 April 2004.
The FFW team is led by corporate finance partner Dominic
Gurney-Champion supported by corporate assistant Martin Griffiths
and property partner Mark Sellers.
Sovereign Reversions is an investment company that was formed in
1992 to invest in home reversions. It currently owns over 450
properties and will be the first pure home equity release business
to be listed on either AIM or the Main Market.
Charles Stanley &Co. Limited acted as nominated adviser and
broker to Sovereign. Jones Day acted as lawyers to Charles
Stanley.
For further press information please contact:
Ben Girdlestone, Communications Manager on 020 7861 4968
Louise Eckersley, PR Executive on 020 7861 4120