Pets at Home IPO

Pets at Home IPO

Pets at Home IPO information

Pets at Home has announced its intention to conduct an initial public offering ("IPO") on the London Stock Exchange and Beaufort Securities is offering clients the opportunity to subscribe for shares in the IPO.

Pets at Home is the UK's leading specialist retailer of pet food, pet-related products and pet accessories. The Company also operates the UK's second largest small animal veterinary business by combined number of surgeries, both in its stores and at standalone locations, and is the leading operator of pet grooming services by number of in-store salons. The Company operates from 369 stores located across the UK, and 246 small animal veterinary surgeries, principally under a joint venture model using the Companion Care and Vets4Pets brand names. The Group also operates 116 in-store Groom Room grooming salons.

This share offer is now closed.


Official share offer documents

You will need to read the prospectus thoroughly before deciding to apply for an allocation of shares in the company.

You can view the Share Offer Prospectus here.

Share Offer Prospectus  

You can view the Price Range Announcement Document here.

Price Range Announcement
         

You can view the Intention to Float Document here.

Pets at Home Intention to Float Document      


The value of your investments can go down as well as up. You may not get back all the money that you invest.


Expected IPO timetable

Offer open: Friday, 28th February 2014
Offer close: 4:30pm on Tuesday, 11th March 2014
Allocation announced: 7am on Thursday, 13th March 2014
   
Trading begins  
Conditional dealing 8am on Thursday, 13th March 2014
Unconditional dealing: 8am on Tuesday, 18th March 2014

 

Please note these dates are subject to change.

  • Following the end of the open offer period we will complete the settlement and allocate your shares.
  • Conditional trading can sometimes occur following the allocation of shares.
  • If there is more demand than supply (oversubscription), you may be allocated a smaller investment than you requested. If this happens we will credit the difference into your account in cash.

Important information

  • You must ensure you have sufficient cleared funds available when you make your subscription request. If you hold an Advisory Stockbroking Account with Beaufort Securities you can make your subscription request by telephoning your broker. You can login and fund your Advisory Account by debit card by clicking on the relevant 'Advisory Stockbroking Login' button at the top right of this page. If you do not have sufficient funds available in your account your order may be cancelled.
  • Subscription amounts will be treated as Client Money subject to the FCA's Client Money Regulations. Credit interest will not be paid on any subscription amount.
  • You will not pay a purchase commission or stamp duty on this IPO subscription. Instead, we will receive a commission payment of 1% from the issuer.
  • You should not subscribe for any shares in the company except on the basis of the Prospectus when published. The Prospectus must be read in full, in particular the risk factors contained therein, before any application is made.

Investment limits

The minimum investment value for this IPO is £1,000. There is no maximum initial investment value.

If you are investing from within your Beaufort Securities Advisory ISA account, you may only invest up to your current available annual ISA subscription limit. The current annual limit is £11,520. Please note that tax laws may change.

To the best of our knowledge the stock is eligible to be held in an ISA. However this is not guaranteed as we will not have the full details until the stock is fully listed. In the event that the stock isn't qualifying for ISA investment we will contact you and you will then have 30 days to remove the stock from your ISA without penalty.


How to apply through your Beaufort Securities Advisory/Advisory ISA Account

You can apply for an allocation of shares in the company through your Beaufort Securities Advisory Account by telephoning your broker on 020 7382 8300 (London) or 0117 910 5500 (Bristol). You must ensure you have sufficient cleared funds available in your account when you make your subscription request.


Don't have an account with Beaufort Securities?

You need to have a Beaufort Sharedealing Online Sharedealing Account, Beaufort Sharedealing Online ISA, Beaufort Securities Advisory Stockbroking Account or Beaufort Securities Advisory ISA account in order to register for shares for an IPO through Beaufort.

If you don't have an account with us and you don't require advice, you can apply to open a Beaufort Sharedealing Online Account/Online ISA Account online by clicking the 'Apply Now' button below:

Apply Now

Need advice?

If you would like to receive advice from a broker regarding the Pets at Home IPO or any other areas of your investment portfolio, please call 020 7382 8384 to speak to a member of our team about our Advisory Stockbroking services or click here to request a call back at a time that suits you.

Please note: we cannot guarantee that the process of opening a new Account will be completed before an IPO closes. We will not be liable for any lost opportunities for an IPO if an account is not opened in time.


FAQs

When will the Share Offer take place?
The Share Offer is is now open. Call 020 7382 8300 (London) or 0117 910 5500 (Bristol) to speak to a broker about this now.

Can I register for the Offer?
Yes. You can subscribe for shares through a Beaufort Advisory Stockbroking account or a Beaufort Sharedealing Online account (See "How to apply through your Beaufort Securities Advisory/Advisory ISA Account" above) .

How will I be able to apply for Pets at Home shares?
Please refer to "How to apply through your Beaufort Securities Advisory/Advisory ISA Account" above.

What will be the price of the shares?
The price of the shares will not be determined until after the Offer closes, and so you will not know the exact price of the shares when you apply. This means that, when you apply for shares, you will be asked to state the amount of money you wish to invest rather than the number of shares you wish to buy.

How many shares can I apply for?
You will be told the amounts which you can apply to invest at the time of application.

What is the minimum application amount?
The minimum application amount will be £1,000.

What is the maximum application amount?
There will be no maximum application amount.

How much of Pets at Home's share capital is being offered for sale?
The expected amount of share capital being offered for sale will be announced when the Offer starts and will be set out in the prospectus, accessible above.

What is the prospectus?
The prospectus is the document on the basis of which shares in the company will be offered for sale. It will include information about the company and the terms on which the shares are being sold. Decisions to invest in the company's shares should be made after reading the prospectus.

Where and when can I see a copy of the prospectus?
The prospectus is accessible via the "Official share offer documents" section of this page (see above).

When is the closing date for the Offer?
4:30pm on Tuesday, 11th March 2014.

When will dealings commence in the company's shares?
Conditional dealings will commence from 8:00am on Thursday, 13th March 2014 with unconditional trading commencing from Tuesday, 18th March 2014.

Will the shares be eligible to be held in an ISA (or SIPP)?
Yes.

Can I apply for shares in the company now?
Yes. Please call 020 7382 8300 (London) or 0117 910 5500 (Bristol) to speak to a broker about this share offer now.

How long will I have to apply for shares?
The closing deadline to subscribe for shares in the Share Offer is 4:30pm on Tuesday, 11th March 2014.

How can I decide how many shares to apply for if I don't know the price?
If you apply you will need to state how much money you would like to invest rather than apply for a fixed number of shares.

Can I put a limit on the price per share I pay when I apply?
No.

When will I need to pay for the shares?
The full price of the shares must be paid on application.

Will I receive all of the shares I apply for?
Not necessarily. If there is heavy demand for the shares, applicants may not receive all the shares they applied for, and some may not receive any at all. If you are not allocated all or any of the shares you applied for, the appropriate amount of money will be returned to you.

How many shares will I get if the Offer is oversubscribed?
There will be some information on the allocation of shares in the prospectus. However, the final basis of allocation of shares will only be decided once the Offer has closed. There is no guarantee that every applicant will receive shares.

Can I make more than one application?
No. You may apply only once for your own benefit in the Retail Offer, which includes applications made through Intermediaries. This means that you can apply in your stockbroking, stocks and shares ISA and your SIPP dealing account but the amounts subscribed across these account will be added together and one application in your name applied for. For example if you apply for £2,000 in your Stockbroking account and £2,000 in your ISA your total subscription amount will be £4,000. This will be the figure used when applying for your allocation and the figure that will be subject to any scale back that may occur.

Can people located outside the UK apply for shares?
No, people located outside the UK, the Channel Islands or the Isle of Man may not apply through an Intermediary.

Can foreign nationals/citizens living in the UK apply for shares?
Yes, a foreign national can apply for shares in the Retail Offer provided that there is no law or regulation in their country of nationality that prevents them from doing so. If you are in any doubt about your legal position you should consult an appropriate legal advisor.

Can I apply for my shares to be put directly into an ISA (or SIPP)?
Yes. To the best of our knowledge the stock is eligible to be held in an ISA. However this is not guaranteed as we will not have the full details until the stock is fully listed. In the event that the stock isn't qualifying for ISA investment we will contact you and you will then have 30 days to remove the stock from your ISA without penalty..

If I don't receive all the shares I applied for, how will you refund (some) of my money?
Any monies deposited into your account for the offer but not used will remain on your account for you to invest elsewhere or withdraw.

Will I get interest on any money returned to me?
No.

Will I have to pay any stamp duty to purchase shares in the Offer?
No.

Is tax payable on dividends?
Dividends are treated as paid net of basic rate income tax. If you are a basic rate taxpayer you will not have to pay any further tax. If you pay higher rate tax (currently 40%) there will be additional income tax to pay. If you are in any doubt about your tax position you should consult an appropriate financial adviser.


The value of your investments can go down as well as up. You may not get back all the funds you invest.

Tax treatment depends on the individual circumstances of each client and may be subject to change in future.


Care is taken to ensure that the information provided is correct but we do not warrant, represent or guarantee the contents of the information, nor do we accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. The information should not be regarded as specific investment advice or a personal recommendation of any kind. Should you require investment advice you should contact your Beaufort Securities broker.

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