Pepco Group To Float In Poland

Pepco, Europe’s pre-eminent discount variety retailer serving over 50 million customers a month from more than 3,200 stores across 16 countries, is today announcing its intention to undertake an initial public offering to institutional and retail investors, including a public offering in Poland and an offering to certain institutional investors in and outside of the United States of America (based on a registration requirement exception).

Pepco intends to apply for listing and admission of its ordinary shares to trade on the regulated market of the Warsaw Stock Exchange. The planned offering will consist of the sale of its existing shares by current shareholders. The Intention To Float (ITF) will be available on the Pepco Group website (https://www.pepcogroup.eu/).

The Company has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE Limited.

Pepco Group is the owner of Poundland Dealz in the UK and Ireland. At least 15% of Pepco's shares will be sold as part of the IPO.

In February 2021, Pepco Group announced it had experienced resilient trading across all brands during the 2020 financial year. 

Source : Insight DIY Team and Steinhoff

Image : Grand Warszawski /Shutterstock.com (1181271973)

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