By Michele Maatouk
Date: Thursday 09 May 2024
LONDON (ShareCast) - (Sharecast News) - Apax Partners has sold 27m shares in Baltic Classifieds in a placing, according to a filing by Merrill Lynch International.
The shares, which represent a stake of around 5.5%, were sold at 223p each, raising gross proceeds of approximately £60.2m.
The placing was originally meant to be 21.5m shares but was upsized by about 25% "on the back of strong deal momentum", Merrill said.
Following settlement of the placing, which is expected to take place on 13 May, Apax Partners will continue to hold about 21.1% of BCG's ordinary shares.
BofA Securities acted as sole global coordinator in connection with the placing
BCG is not a party to the placing and will not receive any proceeds.
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Currency | UK Pounds |
Share Price | 234.00p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 257.00 |
52 Week Low | 165.00 |
Volume | 0 |
Shares Issued | 488.18m |
Market Cap | £1,142.34m |
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Latest | Previous | |
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Interim | Final | |
Ex-Div | 14-Dec-23 | 07-Sep-23 |
Paid | 24-Jan-24 | 13-Oct-23 |
Amount | 1.00¢ | 1.70¢ |
CEO | Justinas Šimkus |
CFO | Lina Mačienė |
COO | Simonas Orkinas |
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