Helios Towers slumps as ATP offloads 50.6m shares in placing
HELIOS TOWERS
96.20p
10:09 20/11/24
-5.13%
-5.20p
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
2,048.16
10:09 20/11/24
0.07%
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FTSE 250
20,391.10
10:10 20/11/24
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FTSE 350
4,475.69
10:10 20/11/24
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FTSE All-Share
4,432.89
10:10 20/11/24
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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.