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LONDON - Princes Group plc, a food and beverage company operating in the UK and Europe, announced Friday it has filed its registration document with the Financial Conduct Authority (FCA) as part of preparations for a potential initial public offering.
The registration document, which has received FCA approval, represents an early step in the company’s possible listing process. If completed, the offering would involve ordinary shares being admitted to the Official List of the FCA and to trading on the main market of the London Stock Exchange.
The company described itself in the filing as "a leading international platform in the United Kingdom and European food and beverage sector," according to the press release statement.
The registration document is now available on the company’s investor relations website and has been uploaded to the National Storage Mechanism, where it can be accessed by potential investors.
Earlier on Friday, Princes Group had published an Expected Intention to Float announcement, signaling its preliminary plans to pursue a public listing.
No details regarding the size, price range or timing of the potential offering were disclosed in the announcement. The company noted that any offer would be made solely on the basis of information contained in a prospectus that may be published in the future.
The registration document filing does not guarantee that Princes Group will proceed with an IPO, as companies sometimes file such documents while still evaluating market conditions and other factors before making a final decision on going public.
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