JTC raise over £65m from first capital markets placing since 2018

Friday 07 May 2021

JTC has raised £65.9m from its first capital markets placing since the Group listed on the London Stock Exchange in 2018.

The stat features in the company’s 2020 full year results, revealing a 15.9% increase in total revenue to £115.1m and a 9.4% rise in underlying EBITDA to £38.7m, representing an underlying EBITDA margin of 33.6%.

“We are delighted to have completed our first placing since listing in 2018 and are grateful for the support shown by our investors, in particular our established holders. 

"As we begin our latest five-year business plan cycle, which we are calling the Galaxy Era, the proceeds will allow the Group to capitalise on a high quality pipeline of near-term acquisition opportunities with certainty of funding and to continue to deliver on our disciplined and proven approach to inorganic growth in a consolidating sector.”