LONDON 6 October, 2009 – Panmure Gordon & Co is pleased to announce that it has acted as financial adviser, NOMAD and broker to Colliers CRE, the UK commercial real estate consultancy services group, on its conditional fundraise of £20m via the placing of and subscription for 100,000,000 shares at a 20p per share.
Panmure Gordon chief executive, Tim Linacre, said: “Colliers CRE has been a valued client for a number of years and I am delighted that Panmure Gordon has been able to advise the company on this transaction. I am especially pleased that our debt advisory expertise was helpful in the renegotiation of the terms of the company’s debt facilities, and that we were also able to advise on the subscription for 29.99% of the enlarged share capital by FirstService Corporation."
Pending shareholder approval, the new ordinary shares will be admitted to trading on AIM on 29 October.
Group Communications Manager
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About the Panmure Gordon Group
Founded in 1876, Panmure Gordon & Co (PMR.L) is a leading independent mid-cap institutional stockbroker and investment bank. Encompassing its US franchise, ThinkEquity, LLC, the Group employs approximately 250 professionals across the US, the UK and Nyon, Switzerland, offering a blend of transatlantic financial services including research, sales and trading, wealth management and asset management.