The offer price has for the initial public offering has been set at 220p per ordinary share
It is expected to raise gross proceeds of 拢224.9m, comprising a primary component of 拢56.0m and secondary sales of 拢168.9m by certain existing shareholders, including Varde Investment Partners and Deutsche Bank.
Conditional dealings start on the London Stock Exchange at 8am today, with full trading starting on 18 February 2013.
Chief executive Stephen Stone said: "We are delighted that our initial public offering has been successful and there has been strong interest from investors. This is the first significant IPO of 2013 which bodes well for our industry and the wider market.聽 Having spent 39 of our 50 years as a listed company, we look forward to re-joining the public markets."
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