Proposed secondary placing in ME Group
Montefiore Investment to sell 12.5 million shares, 3.3% of issued capital, via accelerated bookbuild.
- Shares to be sold 12.5m
- Percentage of issued share capital 3.3%
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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 up to its entire remaining shareholding of approx. 12.5 million shares, equal to approximately 3.3% 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, London Branch ("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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.