Deals News – Law firm advises on Applied Graphene Materials’ stock market debut
10th November 2013
LAW firm Ward Hadaway has advised on the stock market flotation of Applied Graphene Materials plc.
The Top 100 UK law firm provided legal advice to Applied Graphene Materials on its flotation on the Alternative Investment Market (AIM).
The initial public offering has raised £11m for the company, which has developed a process of manufacturing high quality graphene nanoplatelets, owning the know-how and intellectual property behind the process.
Graphene has attracted worldwide attention for its high performance electrical, thermal and mechanical properties.
Applied Graphene Materials’ commercial strategy is to be a value-added supplier of graphene-based specialty chemical products to partners who are manufacturing products incorporating graphene, rather than just being a commodity producer of graphene.
The company is planning to use the proceeds of the flotation to fund growth through investment in headcount, infrastructure and increased production capacity at its site at Wilton on Teesside, as well as for collaboration projects.
Applied Graphene Materials was founded by Dr Karl Coleman, professor of inorganic chemistry at Durham University, with its operations and processes based on technology that he initially developed at Durham University.
Ward Hadaway Partner and Head of Corporate Martin Hulls led the firm’s team advising on the flotation, with support from Associate James Nightingale and Consultant Emma Sewell.
Members of Ward Hadaway’s employment law and commercial teams also worked on the flotation.
Martin said: “We are absolutely delighted to see the successful flotation of Applied Graphene Materials plc.
“The company is truly leading the way when it comes to the commercial application of this exciting new material and it is fantastic to see businesses like this grow and thrive in the North.
“As a firm, we have advised on many AIM flotations, as well as on various other public fund-raisings, so we were able to bring all that experience to bear when it came to the initial public offering for Applied Graphene Materials plc.
“We wish the team there all the very best for what promises to be an exciting future for the business.”
Ward Hadaway has advised on a range of stock market flotations and fundraisings, bringing companies to both the Official List and the Alternative Investment Market and dealing with many secondary fund raisings.
Please note that this briefing is designed to be informative, not advisory and represents our understanding of English law and practice as at the date indicated. We would always recommend that you should seek specific guidance on any particular legal issue.
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