March 12, 2015 / 7:27 AM / 3 years ago

BRIEF-Shawbrook Group files for initial public offering

March 12 (Reuters) - Shawbrook Group Ltd IPO-SHAW.L:

* Shawbrook: announcement of intention to float

* Company will apply for admission of its ordinary shares to premium listing segment of official list maintained by FCA

* Offer comprises sale by fund advised by Pollen street capital, other shareholders, new shares to be issued by company

* Expected that new ordinary shares being sold in offer will raise gross proceeds for company of about 90 million pounds

* Bank of America Merrill Lynch, Goldman Sachs International appointed as joint sponsors, joint global co-ordinators and joint bookrunners to offer

* Expected that admission will take place in early April 2015

* Group expects to benefit from opportunities arising from growth chosen markets, together with product development, expansion into adjacent markets Further company coverage: (Bengaluru Newsroom; +44 207 542 1810)

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