Result of Secondary Placing
Selling shareholder completed secondary placing of 1,936,881 shares at 630p per share, raising £12.2m gross.
- Shares placed 1,936,881 ordinary shares
- Placing price 630 pence per share
- Gross proceeds £12.2 million
- Percentage of issued capital approximately 5.2%
- Selling shareholder holding after placing approximately 14.7%
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Further to the announcement made yesterday, PSC UK Pty Ltd (the "Selling Shareholder") announces that it has successfully completed the sale of 1,936,881 ordinary shares in the capital of B.P. Marsh & Partners Plc ("B.P. Marsh") at a price of 630 pence per Placing Share, which represents approximately 5.2% of B.P. Marsh's issued share capital (the "Placing").
The Placing, raising aggregate gross proceeds of approximately £12.2 million, was conducted through an accelerated bookbuild. Panmure Liberum Limited ("Panmure Liberum") acted as sole bookrunner for the Selling Shareholder in connection with the Placing.
Following completion of the Placing, the Selling Shareholder will hold 5,448,623 ordinary shares in B.P. Marsh, representing approximately 14.7% of B.P. Marsh's issued share capital.
The remainder of the B.P. Marsh shares held by the Selling Shareholder following the Placing will be subject to a lock-up which ends 60 days after completion of the Placing (subject to waiver by Panmure Liberum and to certain customary exceptions).
The trade date for the Placing will be 9 May 2025 and settlement is expected to occur on 13 May 2025.
B.P. Marsh 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.