Proposed Secondary Placing of Ordinary Shares
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PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
PLACING OF 40 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 40 million ordinary shares in the capital of BCG (the "Placing Shares"), representing approximately 8.2% of BCG's issued ordinary share capital, at a price of 231 pence per share raising gross sale proceeds of approximately £92.4 million (the "Placing"). On the back of strong deal momentum, the Placing was upsized by approximately 11% from the original Placing size of 36 million ordinary shares (as announced on 31 May 2024).
Following settlement of the Placing, which is expected to take place on 5 June 2024, Antler will continue to hold approximately 12.9% of BCG's ordinary shares.
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.