Corporate adviser, sole broker and sole bookrunner to Equipmake Holdings PLC

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We are delighted to have acted as corporate adviser, sole broker and sole bookrunner with the £10m IPO and introduction to AQSE of Equipmake Holdings PLC.

Read the full press release below.

Equipmake Holdings PLC

(“Equipmake” or the “Company“)

Admission to trading on AQSE and first day of dealings

Equipmake, the UK developer and manufacturer of best-in-class electrification products for the provision of electric vehicle (“EV”) drivetrains, is pleased to announce that admission of its shares to trading on the Aquis Stock Exchange Growth Market (“AQSE Growth Market”) will commence at 8.00 a.m. today, 29 July 2022, under the TIDM “EQIP” and the ISIN number GB00BMBVXB73.

The Company has successfully raised gross proceeds of £10 million and the market capitalisation of the Company upon Admission at the issue price will be £35 million. On Admission the Company will have 823,529,409 Ordinary Shares in issue.

The Company’s AQSE Admission Document is available to view on the Company’s website

Panmure Gordon (UK) Limited is acting as Corporate Adviser, Sole Bookrunner and Sole Broker to the Company.


Ian Foley, Founder and Chief Executive Officer of Equipmake, said: 

“We are delighted to be joining AQSE today and welcome our new shareholders to Equipmake – it is a great endorsement of our business and we look forward to accelerating it.

Global demand for electric vehicles is soaring. We are ideally placed to benefit in the bus market, one of the most promising sectors, which has so far been neglected.

We have developed a highly differentiated offering, driven by both technology and relationships within the automotive sector – this gives us a great platform to a very bright future as the world decarbonises.

Today’s listing sends a powerful signal about our intent and potential, and we now have the backing to expand our operations and to service the significant number of global opportunities in our pipeline. 

I would like to thank all our new shareholders for their support and the fantastic team at Equipmake who have helped the Company get to where we are today. We are all excited about the future”

The terms and definitions used in this announcement have the same meaning as ascribed to them in the Admission Document, unless otherwise stated.

For further information, please contact:

Equipmake Ian Foley, Founder and CEO Steven McGillivray, CFO  Via MHP Communications
Panmure Gordon (AQSE Growth Market Corporate Adviser) John Prior / James Sinclair-Ford / Soman Thakran (Corporate Finance) Hugh Rich / Sam Elder (Corporate Broking)  Tel: +44 (0)20 7886 2500
MHP Communications (Financial PR Adviser) Tim Rowntree Eleni Menikou Alan Tovey  Tel:+44 (0)20 3128 8100

About Equipmake

Equipmake (the “Company”) is a UK-based technology company, which has developed a range of electrification products for the provision of electric vehicle drivetrains to meet the needs of the automotive, aerospace and other sectors in support of the transition from fossil-fuelled to zero emission powertrains.

Equipmake’s products can be used in a number of segments of the transport sector, but its initial focus has been on the bus sector, where it has secured a contract for retrofitting existing buses currently in service in addition to forming a collaboration with Beulas to develop a double decker bus, incorporating its electric drive train, for the UK market. Equipmake’s products can be applied in a variety of other vehicle electrification contexts, including hybrid, fully electric and fuel cell vehicles.

Following a number of years of engagement with potential customers, the Company now has a significant pipeline of opportunities of in excess of £400 million at various stages of negotiation, as demand for electric vehicles increases as part of the global decarbonisation movement.

About Panmure Gordon

A UK investment bank providing a full range of services including Capital Raising, Corporate Advisory, Corporate Broking, Investor Relations, Research, Sales and Execution with distribution to the UK, Europe, and the US.

John Prior

Managing Director, Head of Natural Resources & NECT

Hugh Rich

Director, Corporate Broking Services

Mark Murphy

Vice Chair, Corporate Broking Services

James Sinclair-Ford

Vice President, Corporate Advisory

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