Result of secondary placing in Trustpilot
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Further to the announcement on 15 January 2024 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 5,173,241 ordinary shares in the Company (the "Placing Shares") at a price of 157 pence per share (the "Placing"). The Placing Shares represent approximately 1.23 per cent of the Company's issued share capital. Following completion of the Placing, the Seller will not hold any ordinary shares in Trustpilot.
The proceeds of the Placing are payable in cash on usual settlement terms and settlement of the Placing is expected to occur on 18 January 2024.
Trustpilot is not a party to the Placing and will not receive any proceeds from the Placing.
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