Proposed secondary placing in ME Group
Montefiore Investment to sell approximately 5% stake in ME Group via accelerated bookbuild placing.
- Placing Shares approximately 5% of issued share capital
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FPCI Montefiore Investment IV, an entity managed by Montefiore Investment SAS ("Montefiore" or the "Seller"), has indicated its intention to sell approximately 5% of the issued share capital in ME Group International plc ("ME Group" or the "Company") (the "Placing Shares") through a placing to eligible institutional investors by means of an accelerated bookbuild (the "Placing").
- Berenberg, Gossler & Co. KG ("Berenberg") is acting as sole bookrunner and placing agent in relation to the Placing.
The price per Placing Share will be determined through an accelerated bookbuild process. The bookbuild process will commence with immediate effect following this announcement and may close at any time on short notice. A further announcement will be made following the completion of the bookbuild and pricing of the Placing. The Company is not a party to the Placing and will not receive any proceeds from the Placing.
The ordinary shares in the Company held by the Seller following completion of the Placing will be subject to a 45 calendar day lock-up which is subject to certain exceptions and may otherwise only be waived with the consent of Berenberg.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.