Revolymer in AIM debut after £25m fundraising is secured

REVOLYMER, which makes environmentally friendly chewing gum, made its full debut on AIM yesterday after sealing £25m in fundraising.

The shares were placed with institutional shareholders at 100p each, raising £25m.

The money from the placing will be used to expand the distribution of its produce in the US and Europe.

Revolymer says that the gum is easily removed from the ground which could cut the costs of cleaning for local authorities.

Revolymer was founded by Dr Roger Pettman and Professor Terence Cosgrove using research carried out at Bristol University.

Pettman said: “I am delighted with the success of our equity fund raising and with such strong demand for the group’s shares. I will be pleased to welcome our new shareholders to Revolymer following admission and thank them for their support.”

Revolymer has launched its Rev7 gum in the US and is commencing the roll out of a similar product in the EU during 2012. The first European markets into which the product will be launched will be Ireland, Germany and the UK.



Panmure Gordon director Callum Stewart led the team which advised Revolymer on its fundraising and listing on AIM.

The former army captain said his approach to investors was well received but with the company in its infancy there was plenty of work to do to secure funding.

“We are very pleased with the result, investors were immediately interested. There are people out there who want to invest and we have had a lot of success lately. We have a very good relationship with the institutional investors.”

Adam James, Adam Pollock and Charles Leigh-Pemberton also worked on the deal.

Panmure has steered through a number of deals recently, bucking the gloomy economic trend.

Last month the company acted for WANdisco, raising £15m of new money and placing a further £2.9m of existing shares. In May, Panmure Gordon acted for Snoozebox raising £13m. Each of these IPOs closed oversubscribed and attracted high quality institutional investors.

Chairman of investment banking at Panmure Gordon, Tim Linacre, said: “It has been a pleasure to be the broker of choice for innovative companies like Revolymer, WANdisco, and Snoozebox. Markets remain exceptionally difficult but AIM continues to function. Companies with excellent business models, a compelling story and strong management teams are still able to attract outstanding institutional investors.”

Citigate Dewe Rogerson was the media adviser on the Revolymer deal.