Telecom Plus non-executive chairman, other shareholders to sell 4.4% stake
Broker Peel Hunt said on Monday that Charles Wigoder, the non-executive chairman of Telecom Plus, the Wigoder Family Foundation and a number of other smaller shareholders in the company plan to sell around 3.5m shares in a placing.
Fixed Line Telecommunications
2,097.07
13:30 26/11/24
1.06%
22.05
FTSE 250
20,619.39
13:30 26/11/24
n/a
n/a
FTSE 350
4,559.52
13:30 26/11/24
n/a
n/a
FTSE All-Share
4,515.07
13:30 26/11/24
n/a
n/a
Telecom Plus
1,816.00p
13:19 26/11/24
3.06%
54.00p
The shares, which represent a stake of around 4.4%, are being offered by way of an accelerated bookbuild, which will be launched immediately.
Peel Hunt and Numis are acting as joint bookrunners.
Telecom Plus - which trades as Utility Warehouse - is not a party to the placing and will not receive any of the proceeds.