Helios Towers slumps as ATP offloads 50.6m shares in placing
HELIOS TOWERS
92.10p
16:49 20/12/24
-0.97%
-0.90p
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
1,956.96
17:14 20/12/24
-0.76%
-14.97
FTSE 250
20,450.69
17:14 20/12/24
n/a
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FTSE 350
4,463.29
17:14 20/12/24
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FTSE All-Share
4,421.11
17:04 20/12/24
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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.