Following the announcement on 6 October 2025 of its expected intention to float on the London Stock Exchange, Shawbrook Group plc today confirms its intention to proceed with an initial public offering (the "IPO" or the "Offer") and confirms certain details of the Offer, alongside an update on Q3 trading.
The Company intends to apply for admission of its ordinary shares to the equity shares (commercial companies) category of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange (together, "Admission") which is currently expected to occur in early November 2025.
Confirmation of Offer details:
- The Company expects that its Shares will be admitted to the equity shares (commercial companies) category of the FCA's Official List and to trading on the Main Market of the London Stock Exchange.
- The Offer will comprise new Shares to be issued by the Company, with the intention to raise £50 millionof net proceeds, and existing Shares to be sold by the Company's existing sole shareholder, Marlin BidcoLimited. In addition, it is expected that Shares representing up to a further 15 per cent of the Offer wouldbe made available pursuant to an over-allotment option.
- The Offer will be made to qualified institutional buyers in the United States in reliance on Rule 144Aunder the United States Securities Act of 1933, as amended (the "Securities Act") and to certaininstitutional investors in the United Kingdom and elsewhere outside of the United States in reliance on Regulation S under the Securities Act.
- The Offer will also be made to retail investors resident in the United Kingdom only (in reliance onRegulation S under the Securities Act) through Retail Book Limited's ("RetailBook") partner network ofinvestment platforms, retail brokers and wealth managers, subject to such partners' participation in the Offer.
- Any additional details in relation to the Offer, including the indicative price range and size range for theOffer, will be disclosed in a Prospectus which is expected to be published in connection with the Offer inmid-late October 2025.
- The final offer price in respect of the Offer will be determined following publication of the Prospectus andsubject to the completion of a book-building process, and is currently expected to be announced in lateOctober 2025.
- Immediately following Admission, the Company expects it would have, at a minimum, a free float thatwould make it eligible for inclusion in the FTSE UK indices.
- The Company has engaged Ardea Partners International LLP as financial adviser, Goldman SachsInternational as Sponsor, Joint Global Coordinator and Joint Bookrunner, Barclays Bank PLC as JointGlobal Coordinator and Joint Bookrunner, and Deutsche Bank AG, London Branch (trading as DeutscheNumis), Stifel Nicolaus Europe Limited (trading as KBW) and UBS AG, London Branch as JointBookrunners.
Update on Q3 2025 trading
Since 30 June 2025, the Group has continued its trajectory of strong loan book growth, with the loan book increasing to £18.3billion (including structured asset sales)1 as at 30 September 2025 (30 June 2025: £17.0 billion). This loan book growth hasbeen driven by a strong level of organic originations, which were approximately £1.5 billion for the three-month period ended 30September 2025, complemented by the contribution from the Group's strategic acquisition of the ThinCats group (which had a£0.6 billion loan book at completion of the transaction). In addition, the Group's savings franchise has continued to performwell, with customer deposits increasing to £17.6 billion as at 30 September 2025 (30 June 2025: £16.7 billion).
The Group will report its full trading update for the nine months ended 30 September 2025 on 13 November 2025.
