By Michele Maatouk
Date: Wednesday 20 Nov 2024
LONDON (ShareCast) - (Sharecast News) - Helios Towers fell on Wednesday after investor Arbejdsmarkedets Tillægspension (ATP) - Denmark's largest lifelong pension plan - sold around 50.6m shares in the company in a placing for approximately £48m.
The shares were placed with investors in an accelerated bookbuild offering at 94p each. The placing price is a 10% discount to the closing share price on Tuesday.
BofA Securities acted as sole bookrunner on the bookbuild.
At 0815 GMT, the shares were down 3.3% at 98.10p.
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