Result of Secondary Placing of Ordinary Shares
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PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
PLACING OF 21.5 MILLION ORDINARY SHARES IN BALTIC CLASSIFIEDS GROUP PLC ("BCG")
Antler EquityCo S.à r.l. ("Antler"), which is controlled by funds advised by Apax Partners LLP ("Apax"), announces that it has sold 21.5 million ordinary shares in the capital of BCG (the "Placing Shares"), representing approximately 4.4% of BCG's issued ordinary share capital, at a price of 220 pence per share raising gross sale proceeds of £47.3 million (the "Placing"). On the back of strong deal momentum, the Placing was upsized by over 50% from the original Placing size (as announced on 5 March 2024) to 21.5 million ordinary shares.
Following settlement of the Placing, which is expected to take place on 8 March 2024, Antler will continue to hold approximately 26.6% of BCG's ordinary shares.
BCG is not a party to the Placing and will not receive any proceeds from the Placing.
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