CatalystWireBeta

Proposed Secondary Placing of Ordinary Shares

In brief · summary, not quotable

No summary for this filing – the full text is below.

Full announcement

Select text to share a quote on X · sign in to keep highlights & notes in your BCG notes

PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

Antler EquityCo S.à r.l. ("Antler"), which is controlled by funds advised by Apax Partners LLP ("Apax"), announces its intention to sell approximately 13 million ordinary shares in the capital of BCG (the "Placing Shares") by way of an accelerated bookbuild to institutional investors (the "Placing"). The Placing Shares represent approximately 3% of BCG's issued share capital. The Placing Shares rank pari passu in all respects with BCG's ordinary shares.

Antler currently owns 151,592,378 ordinary shares representing approximately 31% of BCG's issued share capital.

The price per Placing Share will be determined by way of an accelerated bookbuilding process to institutional investors. The bookbuilding period will commence today, 5 March 2024, and may close at any time on short notice. The results of the Placing, including the number of Placing Shares to be sold and the price per Placing Share, will be announced as soon as practicable after the closing of the bookbuilding process.

To permit the Placing, the Global Coordinator has waived the 90 day lock-up undertaking that was agreed in connection with the previous placing undertaken by Antler in January 2024.

BCG is not a party to the Placing and will not receive any proceeds from the Placing.

Enquires:

BofA Securities+44 (0)207 628 1000
  • Peter Luck / Andrew Briscoe / Sid Rishi

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

Share this quote

Quote card
Post on X WhatsApp Download image

The link opens this announcement with the quote highlighted. Quotes are checked against the original text.

Add a note