Extend client Skillcast listed on the AIM market of the London Stock Exchange

Skillcast, an Extend client of ours has been admitted to the AIM market of the London Stock Exchange. Skillcast is an e-learning provider that helps companies manage their compliance risk. The company was listed on AIM on 1 December 2021 with a market capitalisation of £33.1 million and a goal to use the funding to move towards cloud-based staff training and compliance.

Skillcast Founder and CEO Vivek Dodd are on a mission to help companies transform their staff compliance with digital learning, creating more ethical workplace cultures. This AIM listing signals the next step in growth for the company as they continue to further invest in their goals as a public limited company. Listing on AIM can give companies access to a broad range of investors to raise further finance and funding for growth.

At Harper James, we support businesses at all stages of their lifecycle, from start-up to scale-up and beyond. Our expert solicitors have worked alongside Skillcast since 2020 and it’s brilliant to see their success and continued growth. Ian Fraser, equity incentives solicitor at Harper James with 25 years’ experience advising on the design, drafting and operation of employee incentive arrangements, helped the company set up an Employee Share Option Scheme to coincide with the IPO to provide share option rights for group employees in the UK and Malta. Shubhu Patil, a corporate solicitor at Harper James with extensive experience advising entrepreneurs, growth companies and investors helped the company prepare for the legal due diligence for the IPO. Commenting on Skillcast’s achievement, Shubhu said:

‘Floating on the stock market is a tremendous achievement for any company, but even more so in the middle of a pandemic. Skillcast have a great product and a great team and we are delighted to see them reach this milestone.’

Toby Harper, our Founder and CEO also commented: ‘Floating on the stock market is no easy feat. We’ve been working alongside Skillcast on their growth journey for the past 2 years and it’s truly a testament to the platform that Vivek and his team have created. Their AIM listing is the natural next step for them which will propel them to new heights. We’re looking forward to continuing to support them on their journey.’