Result of secondary placing in Trustpilot
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Further to the announcement on 10 October 2023 in relation to a proposed placing of ordinary shares in Trustpilot Group PLC ("Trustpilot" or the "Company"), Northzone VI L.P. ("Northzone" or the "Seller"), has sold 13,000,000 ordinary shares in the Company (the "Placing Shares") at a price of 103 pence per share (the "Placing"). The Placing Shares represent approximately 3.11 per cent of the Company's issued share capital.
The proceeds of the Placing are payable in cash on usual settlement terms and settlement of the Placing is expected to occur on 13 October 2023.
Following completion of the Placing, the Sellers will hold 5,173,241 ordinary shares in Trustpilot and will be subject to an extended 45 calendar day lock-up which is subject to certain exceptions and may otherwise only be waived with the consent of the Bookrunner.
Trustpilot 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.