Appointment of Joint Corporate Broker

RNS Number : 6889K

Marks Electrical Group plc

09 May 2022

 

9 May 2022

Marks Electrical Group plc

Appointment of Joint Corporate Broker

Marks Electrical Group plc ("Marks Electrical" or "The Group"), a fast-growing online electrical retailer, is pleased to announce the appointment of Berenberg as joint corporate broker, to work alongside Panmure Gordon, with immediate effect.

Enquiries:

Marks Electrical Group plc    via Dentons Global Advisors

Mark Smithson, CEO 

Josh Egan, CFO         

Dentons Global Advisors (Financial PR)   [e-mail]

James Styles    Tel: [phone]

Fern Duncan       

Panmure Gordon (NOMAD and Joint Corporate Broker)                                                                Tel: [phone]

Oliver Cardigan, Ailsa Macmaster (Corporate Finance) 

Erik Anderson (Corporate Broking) 

Berenberg (Joint Corporate Broker)                                                                                                  Tel: [phone]

Matthew Armitt / Michelle Wilson / Jack Botros (UK Investment Banking)

About Marks Electrical

Marks Electrical is a fast growing, highly scalable, technology driven e-commerce electricals retailer which sells, delivers, installs and recycles a wide range of household electrical products. The Group was founded in Leicester in 1987 by Mark Smithson and has scaled up into a nationwide online retailer with a compelling growth track record, thanks to its vertically integrated, low-cost, high-quality operating model, supported by the ongoing structural shift of consumers to purchase online. The Company operates within the UK Major Domestic Appliances (MDA) market, estimated to be worth approximately £5.3 billion.  

Primarily through its simple, clear and intuitive website - markselectrical.co.uk - the Company offers over 3,000 products from over fifty leading brands across its main product categories, which include Cooking, Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These products are sourced from UK distributors of the brands, with whom the Group maintains strong and direct relationships. Marks Electrical delivers direct to customers in its owned and branded vehicles, operated by the Group's skilled team of delivery drivers, who are also able to offer installation and recycling services.

For further information, visit:  https://group.markselectrical.co.uk  and  https://markselectrical.co.uk/ .

 

END

 

 

APPUPUCAAUPPGMQ