Growing Future plc from £63 million to over £1 billion

£63 million market cap to over £1 billion

Singer Capital Markets has provided flexible equity funding option for Future, assisting them in executing their growth strategies.

July 2017: Placing and Acquisition raising £22 million. 24% new shares as a proportion of existing share capital.

July 2018: Rights Issue and Acquisition raising £105.7 million. £105.7 million gross raised through excess demand.

October 2019: Placing and Acquisition raising £104.4 million. 120% of the book was covered by Singer Capital Markets by midday on the 2nd day of meetings.

November 2019: Management Sell-Down raising £43.7 million.

Singer Capital Markets, with Numis, supported Future from a market cap of £63 million in 2017 to £1.4 billion FTSE 250 Company. Goldman Sachs were appointed as Corporate Broker in July 2020 with market cap of £1.4bn. Future has retained Singer Capital Markets as advisor.

About Future plc

Future plc is a global platform for specialist media with scalable, diversified brands. They connect people to their passions through the high-quality content they create, the innovative technology they pioneer and the engaging experiences they deliver.

Singers did a fantastic job in October with our Placing to buy the magazine and digital media company TI Media. They spoke to shareholders to help drum up excitement and the demand to buy shares. We felt like we were in good hands throughout the process, and the Placing turned out to be a huge success as we ended up with five times the orders we needed, which meant we were able to sell the equity at a great price.