Business
Result of Secondary Placing of Ordinary Shares
Result of Secondary Placing of Ordinary Shares.
About this update from Baltic Classifieds Group Plc
[{"type":"text","content":"\n\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR IN THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER OR THE SOLICITATION OF AN OFFER TO BUY IN ANY JURISDICTION, NOR SHALL THERE BE ANY SALE, OF THE SECURITIES REFERRED TO HEREIN IN THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SALES WOULD BE PROHIBITED BY APPLICABLE LAW.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\nPLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n\n9 May 2024\n \nPLACING OF 27 MILLION ORDINARY SHARES IN BALTIC CLASSIFIEDS GROUP PLC\n(\"BCG\")\n \nAntler EquityCo S.à r.l. (\"Antler\"), which is controlled by funds advised by Apax Partners LLP (\"Apax\"), announces that it has sold 27 million ordinary shares in the capital of BCG (the \"Placing Shares\"), representing approximately 5.5% of BCG's issued ordinary share capital, at a price of 223 pence per share raising gross sale proceeds of approximately £60.2 million (the \"Placing\"). On the back of strong deal momentum, the Placing was upsized by approximately 25% from the original Placing size of 21.5 million ordinary shares (as announced on 8 May 2024).\n \nFollowing settlement of the Placing, which is expected to take place on 13 May 2024, Antler will continue to hold approximately 21.1% of BCG's ordinary shares.\n \nBofA Securities Europe SA (\"BofA Securities\") acted as sole Global Coordinator in connection with the Placing.\n \nAntler has undertaken that it will not dispose of any further BCG shares for a period of 90 days following completion of the Placing, subject to certain exceptions (including for disposals of shares pursuant to share repurchases by BCG) and waiver by the Global Coordinator.\n \nBCG is not a party to the Placing and will not receive any proceeds from the Placing.\n \n\nIMPORTANT NOTICE\n \nThe contents of this announcement have been prepared by and are the sole responsibility of the Seller.\n \nThis announcement is not for publication, distribution or release, directly or indirectly, in or into the United States of America (including its territories and ...