Hogan Lovells advises on two AIM placings

London - 12 June 2020 - Hogan Lovells have recently completed two AIM placings:

  • Advising Numis as sole bookrunner on Nexus Infrastructure plc's (Nexus) £10m equity placing to institutional investors, the company's founders and certain company directors. Nexus is a leading provider of essential infrastructure services to the UK housebuilding and commercial sectors and is listed on AIM. The placing significantly strengthens the company’s balance sheet, allowing management to run the business for longer term growth and will help it through a prolonged COVID induced slow-down. The placing was conducted following a period of pre-marketing and Nexus used a cashbox structure to issue shares representing 18.7% of its existing share capital on a non-pre-emptive basis.
  • Advising PetroTal Corp. (PetroTal) on its £14.1m equity placing to institutional investors. PetroTal is a Canadian oil and gas development and production company focused on the development of oil assets in Peru. PetroTal is listed on both the Toronto stock exchange (TSXV) and AIM. The placing proceeds will be used for ongoing development of an oil field in Peru and will strengthen the company’s balance sheet. The placing was conducted following a period of pre-marketing and placees will receive warrants (at a ratio of 1 warrant for every two placing shares) in addition to the placing shares. Auctus Advisors LLP acted as financial advisor to the company.
Both matters were led by Corporate partner Dan Simons with assistance from Tom Spooner.


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