Company Announcements

Announcement of admission to the Official Lists

Source: RNS
RNS Number : 1794G
Draper Esprit PLC
22 July 2021

Draper Esprit plc: Announcement of admission to the Official Lists and cancellation of AIM and Euronext Growth listing

Draper Esprit plc (dual listed, AIM: GROW, Euronext Growth: GRW) ("Draper" or the "Company"), a leading venture capital firm investing in and developing high growth digital technology businesses, is pleased to announce that its ordinary shares (the "Ordinary Shares") will be admitted tomorrow to the premium listing segment of the Official List of the Financial Conduct Authority and the secondary listing segment of the Official List of the Irish Stock Exchange plc, trading as Euronext Dublin ("Euronext Dublin") (the "Official Lists") and to trading on the London Stock Exchange plc's (the "London Stock Exchange") main market for listed securities and the regulated market of Euronext Dublin (the "Main Markets") (together "Admission"). Dealings in the Ordinary Shares will commence on the Main Markets at 8.00 a.m. on 23 July 2021 and trading in the Ordinary Shares on the AIM market of the London Stock Exchange ("AIM") and the Euronext Growth market will be cancelled simultaneously therewith.

Admission will be through an introduction of the existing Ordinary Shares. The Company is not offering any new Ordinary Shares nor any other securities in connection with the proposed Admission or the publication of the Prospectus. Following Admission, the Company's Ordinary Shares will continue to be registered with their existing ISIN number GB00BY7QYJ50. The Company's ticker symbol will continue to be GROW in the UK and GRW in Ireland. On Admission, there will be 152,999,853 Ordinary Shares in issue.

The Prospectus has been approved by the Financial Conduct Authority and the Central Bank of Ireland and is available for inspection on the Company's website at Copies of the Prospectus are also available, on request, in printed form at the Company's registered office, 20 Garrick Street, London, United Kingdom, WC2E 9BT.

The Company's existing shareholders should consult their own tax advisers as to the tax implications of the Company's proposed move to the Main Markets.


Draper Esprit plc

Martin Davis (Chief Executive Officer)

Ben Wilkinson (Chief Financial Officer)


+44 (0)20 7931 8800

Numis Securities

Nominated Adviser & Joint Broker

Simon Willis

Richard Thomas

Jamie Loughborough


+44 (0)20 7260 1000

Goodbody Stockbrokers

Euronext Growth Adviser & Joint Broker

Don Harrington

Charlotte Craigie

Linda Clarke


+44 (0) 20 3841 6202


Public relations

Elly Williamson

Jane Glover

+44 (0)7970 246 725 /

+44 (0)7961 628 862


About Draper Esprit


Draper Esprit is one of the most active venture capital firms in Europe, investing in disruptive, high growth technology companies. We believe the best entrepreneurs in Europe are capable of building the global businesses of the future. We fuel their growth with long-term capital, access to international networks and decades of experience building businesses.


Currently, Draper Esprit is a shareholder in a diverse portfolio of 71 companies with 17 of those part of our core portfolio which accounts for over 60% of our holdings. Our core companies include UiPath, Aircall, Graphcore and Revolut. We invest across four sectors: Consumer Technology, Enterprise Technology, Hardware and Deeptech, and Digital Health and Wellness, with highly experienced partners constantly looking for new opportunities in each. We look for high-growth companies operating in new markets, with a serious potential for global expansion, strong IP, powerful technology, and management teams to deliver success. We also look for businesses with the potential to generate strong margins to ensure rapid, sustainable growth in substantial addressable markets.


Draper Esprit provides an opportunity for public market investors to access these fast-growing tech businesses, without having to commit to long term investments with limited liquidity. Since IPO to the AIM market of the London Stock Exchange plc in June 2016, we have deployed circa £550m+ capital into fast growing tech companies and have realised over £300m. In June 2021, we raised gross proceeds of circa £111m to help us capitalise on the transition to a digital future in a European VC market which is expanding rapidly but is still less than one quarter of the combined size of the US and European market by value.


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