Antler sells entire stake in Baltic Classifieds
Baltic Classifieds Group
336.50p
16:49 14/11/24
1.97%
6.50p
Baltic Classifieds said on Monday after Antler, which is controlled by funds advised by Apax, has sold off its remaining 13% stake in the company in a placing.
FTSE 250
20,522.81
16:38 14/11/24
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4,459.02
16:38 14/11/24
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4,417.25
16:54 14/11/24
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Software & Computer Services
2,485.46
16:38 14/11/24
0.92%
22.57
Antler sold around 63 million shares at 247p each, raising gross proceeds of approximately £156m.
The sale comprised around 59m ordinary shares sold by Antler to institutional investors, which raised about £146m and 4.2m ordinary shares sold by Antler to the company, raising gross proceeds of about £10m.
The placing was upsized by around 100% from the original size of 30m shares, as announced on 12 July.
BofA Securities acted as sole global coordinator in connection with the placing.