Result of secondary placing in Trustpilot
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Further to the announcement on 15 July 2024 in relation to a proposed placing of ordinary shares in Trustpilot Group PLC ("Trustpilot" or the "Company"), Trafalgar Acquisition S.à. r.l., an entity owned by funds managed by Vitruvian Partners LLP ("Vitruvian" or the "Seller"), has sold 12,500,000 ordinary shares in the Company (the "Placing Shares") at a price of 220 pence per share (the "Placing"). The Placing Shares represent approximately 3.0 per cent of the Company's issued share capital1.
The proceeds of the Placing are payable in cash on usual settlement terms and settlement of the Placing is expected to occur on 18 July 2024.
Following completion of the Placing, the Seller will hold 9,544,546 ordinary shares in Trustpilot and 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.
Trustpilot is not a party to the Placing and will not receive any proceeds from the Placing.
- 416,715,617 shares in issue as at 28 June 2024.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.