Helios Towers slumps as ATP offloads 50.6m shares in placing
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HELIOS TOWERS
92.50p
16:49 17/02/25
-1.49%
-1.40p
Helios Towers fell on Wednesday after investor Arbejdsmarkedets Tillægspension (ATP) - Denmark’s largest lifelong pension plan - sold around 50.6m shares in the company in a placing for approximately £48m.
Fixed Line Telecommunications
2,001.69
16:59 17/02/25
-1.00%
-20.16
FTSE 250
20,938.68
16:59 17/02/25
n/a
n/a
FTSE 350
4,805.19
16:59 17/02/25
n/a
n/a
FTSE All-Share
4,753.94
17:14 17/02/25
n/a
n/a
The shares were placed with investors in an accelerated bookbuild offering at 94p each. The placing price is a 10% discount to the closing share price on Tuesday.
BofA Securities acted as sole bookrunner on the bookbuild.
At 0815 GMT, the shares were down 3.3% at 98.10p.