Princes Group Confirms Intention to Float on London Stock Exchange, Targeting Acquisition-Led Growth

Princes Group plc, a prominent player in the food sector, has officially confirmed its intention to proceed with an Initial Public Offering (IPO) on the Main Market of the London Stock Exchange.

The move, initially announced on October 3, 2025, signals the company's ambition to fuel further expansion through strategic acquisitions.

The IPO will involve the issuance of new ordinary shares, with the net proceeds earmarked to support the Group's inorganic growth strategy.

The final offer price will be determined through a bookbuilding process, with trading expected to commence by the end of October.

The offering is strategically targeted at institutional investors in the UK and outside the United States, adhering to Regulation S. Additionally, it extends to ‘qualified institutional buyers' (QIBs) in the U.S. under Rule 144A of the U.S. Securities Act of 1933.

The company said a retail offering will also be available in the UK through Retail Book Limited (“RetailBook”), allowing retail investors access via partner investment platforms, brokers, and wealth managers.

Upon Admission, Princes Group anticipates a free float sufficient for inclusion in the FTSE UK indices. This inclusion would broaden the company's visibility and potentially attract a wider range of investors.

To ensure market stability post-IPO, the Company, its directors, and existing shareholders are expected to enter customary lock-up agreements, restricting the disposal of shares for a specified period.

BNP Paribas is acting as Sponsor for the IPO. BNP PARIBAS, Coöperatieve Rabobank U.A., Peel Hunt LLP, and UniCredit Bank GmbH, Milan Branch, are serving as joint global co-ordinators and joint bookrunners. Société Générale will act as joint bookrunner should the Offer proceed.