Result of secondary placing in ME Group
Montefiore sold 26.5m shares (7% of capital) at 200p per share via accelerated bookbuild.
- Shares placed 26,500,000
- Placing price 200 pence per share
- Percentage of issued capital 7.0%
- Seller's remaining stake 5.0% (prior 12.0%)
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Further to the announcement on 27 February 2025 in relation to a proposed placing of ordinary shares in ME Group International PLC ("ME Group" or the "Company"), FPCI Montefiore Investment IV, an entity managed by Montefiore Investment SAS ("Montefiore" or the "Seller"), has sold 26,500,000 ordinary shares in the Company (the "Placing Shares") at a price of 200 pence per share (the "Placing"). The Placing Shares represent approximately 7.0 per cent of the Company's issued share capital1.
The Placing was conducted through an accelerated bookbuild. Joh. Berenberg, Gossler & Co. KG ("Berenberg") acted as sole bookrunner for the Seller in connection with the Placing.
The proceeds of the Placing are payable in cash on usual settlement terms and settlement of the Placing is expected to occur on 4 March 2025.
Following completion of the Placing, the Seller will hold 18,855,481 ordinary shares in ME Group, equal to 5.0 per cent of the issued share capital1. The Seller 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.
ME Group is not a party to the Placing and will not receive any proceeds from the Placing.
- 376,813,753 shares in issue as at 31 January 2025.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.