Shares in Silverwood Brands PLC, an investment company focused primarily on branded consumer business, started trading on the Aquis Stock Exchange today.
The shares, which are trading under the ticker SLWD, climbed to a price of 43p in early deals.
Silverwood raised £1.03mln before expenses through the issue of over 2.5mln ordinary shares at a price of 40p and another £0.96mln from a founder subscription.
The plan is to build a portfolio ranging from established brands to smaller ventures in the consumer facing brands such as the food, wellness, lifestyle and leisure sectors.
Andrew Gerrie, director of Silverwood Brands, said, "We are delighted with Silverwood Brands' successful admission to the AQSE Growth Market today. It represents an important milestone for the Company and supports our strategy to capitalise on future growth opportunities within the consumer brands market.”
“The combined, considerable experience of our board, places us in a strong position to generate value for our shareholders."