StockMarketWire.com - River and Mercantile Group has set its IPO price at 183p a share, which would give it a total market capitalisation of about £150.2m.

The IPO is for 22,678,859 ordinary shares -- or 27.6% of the enlarged issued share capital of the company following completion of the offer -- of £0.003 each.

Offer highlights included:

- The Offer is expected to raise gross proceeds of approximately £41.5 million.

- The Company expects to receive gross proceeds of £15.0 million from the issue of new Ordinary Shares in the Offer

- The Selling Shareholders expect to receive gross proceeds of approximately £26.5 million from the sale of existing Ordinary Shares in the Offer.

- The Selling Shareholders consist of Punter Southall Group Limited ("PSG"), Pacific Investments Management Limited, its subsidiary undertakings and its controlling shareholder, Sir John Beckwith ("Pacific Investments" and, together with PSG, the "Major Selling Shareholders"), and other existing shareholders who are selling Ordinary Shares as part of the Offer ("Small Selling Shareholders") (collectively, the "Selling Shareholders").

- At Admission, the Company will have 82,095,346 Ordinary Shares in issue.

- Conditional dealings in the Ordinary Shares will commence on the London Stock Exchange at 8.00 a.m. today under the ticker RIV (ISIN: GB00BLZH7X42).

- Admission to the premium listing segment of the Official List and to trading on the London Stock Exchange's Main Market for listed securities, and the commencement of unconditional dealings, are expected to take place at 8.00 a.m. on 26 June 2014.




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