Proposed Secondary Placing of Ordinary Shares
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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 36 million ordinary shares in the capital of BCG (the "Placing Shares") by way of an accelerated bookbuild to institutional investors (the "Placing"), at a price of 231 pence per share. The Placing Shares represent approximately 7.4% of BCG's issued share capital. The Placing Shares rank pari passu in all respects with BCG's ordinary shares.
Antler currently owns 103,092,378 ordinary shares representing approximately 21% of BCG's issued share capital.
The bookbuilding process with institutional investors will commence today, 31 May 2024, and may close at any time on short notice. The results of the Placing, including the number of Placing Shares to be sold, 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 earlier this month.
BCG is not a party to the Placing and will not receive any proceeds from the Placing.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.