Dignity, Britain's largest single provider of funeral-related services, namely funeral services, cremations and pre-arranged funeral plans, has today published the listing particulars for its flotation on the Official List of the UK Listing Authority by means of a placing.

The purpose of the flotation is to secure a diversified ownership and stable financing of the Group. Net proceeds of the Placing received by the Company will be used to reduce debt.

The Placing attracted strong demand from quality institutional investors in the UK and Europe and was oversubscribed at the Placing Price.

Conditional dealings will commence at 8.00 a.m. on Friday 2 April 2004. Admission will take place and unconditional dealings are expected to commence on 8 April 2004 under the ticker symbol DTY.L.

Panmure Gordon is Sole Bookrunner, Sponsor and Joint Lead Manager, with Investec acting as Joint Lead Manager. 

Peter Hindley, Chief Executive, commented: "I am delighted with the response from investors. The flotation of Dignity will not only raise our corporate profile but enable the Group to maintain its total commitment to client service excellence."