London Stock Exchange today welcomes Literacy Capital plc to the Specialist Fund Segment of the Main Market under the ticker “BOOK” and with a market capitalisation of £96 million.
Literacy Capital was established in 2017 by Paul Pindar, Chairman, and Richard Pindar, CEO, to achieve long term capital growth through making investments in a diversified portfolio of private UK businesses.
Literacy Capital has invested in a portfolio of investments consisting of private, unquoted securities in companies spanning various sectors. With a focus on investment in under-served parts of the market, typically family-owned and founder-led businesses, Literacy Capital aims to help management teams to achieve long-term success.
Paul Pindar, Chairman, said:
“Literacy Capital is delighted to bring this compelling opportunity to market, providing investors access to a differentiated investment approach to private equity.
We believe we have a unique offering, an alternative way of working with founders and owners of small businesses that offers strong, long-term investment support with a social purpose at its centre. We invest in founder-led and founder-owned businesses that we can work closely with as engaged and active shareholders to offer guidance and encourage innovation in this under-served part of the market.”