Sale of shares in Alfa Financial Software Holdings
Executive Chairman's investment vehicle CHP sells 4.9% stake in Alfa at 173p per share.
- Shares sold 14,450,867
- Percentage of issued capital 4.9%
- Sale price per share 173p
- CHP shareholding post-sale 54.7%
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THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
CHP Software and Consulting Holdings Limited
Sale of shares in Alfa Financial Software Holdings plc ("Alfa" or the "Company")
CHP Software and Consulting Holdings Limited ("CHP" or the "Seller") has indicated its intention to sell 14,450,867 ordinary shares in the Company, representing approximately 4.9% per cent. of the Company's issued share capital at a price of 173p per share (the "Sale"). Andrew Page is Executive Chairman of Alfa and is the ultimate controlling shareholder of CHP. In addition, Andrew Denton, Chief Executive Officer of Alfa, is a minority shareholder in CHP.
The Sale is to satisfy specific market demand from a single institutional shareholder. Alfa is not party to the Sale and will not receive any proceeds from the Sale.
CHP will hold 161,454,782 ordinary shares, representing approximately 54.7 per cent. of the Company's issued share capital immediately post the Sale.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.