Background and business issues
Brookwell is a closed-ended investment company established to acquire AIM securities, listed securities and PLUS securities from financial institutions in exchange for shares in the company.
Its aim is to realise value from these securities and progressively return cash to shareholders.
Our role and approach
The Deloitte Corporate Finance PLC Advisory team acted as Nominated Adviser to Brookwell Limited on its placing and admission to trading on AIM of a third class of participating redeemable preference shares (“D Shares”).
This admission followed from having been retained by the Company since the original IPO in June 2008.
Brookwell raised gross proceeds of £16.4 million through the issue of 16.4 million new D Shares at 100p per share.
The D Share admission is the third mandate Deloitte has undertaken with the company.
We continue to act as a Nominated Adviser to the company.