Business
Additional Listing
Bridgepoint Group plc announces its intention to issue 25 million ordinary shares, following exchange notices for an equivalent number of OP Units related to the acquisition of Energy Capital Partners Holdings, LP. These new shares, which will rank pari passu with existing shares, are expected to be admitted to the Official List and the LSE's main market on December 17, 2025. The company has also released lock-up provisions for these specific shares, allowing recipients to use them for margin loans to cover tax liabilities without needing to sell them, while approximately 124 million remaining OP Units are still subject to lock-up restrictions. Disclaimer*
About this update from Bridgepoint Group Plc
[{"type":"text","content":"\n\n \nBridgepoint Group plc (\"Bridgepoint\" or the \"Company\")\n \nAdditional Listing\nThe transaction through which the Company added Energy Capital Partners Holdings, LP and affiliated entities to the platform (the \"Transaction\") was implemented by way of an Up-C Structure, involving the issue of 185 million OP Units on Closing which are exchangeable for new shares in the capital of the Company on a one-for-one basis. The Transaction was approved by Shareholders on 19 October 2023.\nThe Company has received exchange notices for 25 million of the OP Units held by the ECP Sellers and therefore it announces that it intends to issue 25 million ordinary shares of £0.00005 each (\"New Ordinary Shares\"). The New Ordinary Shares will rank pari passu with existing ordinary shares in issue.\nAn application has been made for the admission of the New Ordinary Shares to listing on the Official List and to trading on the LSE's main market for listed securities.\nAdmission is expected to occur on 17 December 2025.\nAs the New Ordinary Shares are intended to be utilised by recipients to support margin loans to fund the payment of taxes triggered by their issue without the need to sell a proportion of them, the Company has released the lock-up provisions applying to the New Ordinary Shares as described in the circular dated 2 October 2023 (the \"Circular\"). The remaining OP Units held by the ECP Sellers and/or their affiliated entities (being approximately 124 million OP Units) remain subject to the lock-up restrictions described in the Circular.\nCapitalised terms not otherwise defined in this announcement have the meanings given to them in the Circular.\n \nENQUIRIES:\n \nBridgepoint\n \n\n\n\n\nAnalysts and investors\nAdam Key\[email protected]\n+44 7833 748010\n \n\n\nMedia\nChristian Jones\[email protected]\n+44 20 7034 3500\n\n\n\n\n \nFGS Global (Public Relations Adviser to Bridgepoint)\n \nJames Murgatroyd / +44 20 7251 3801 / +44 7768 254 911\nAnjali Unnikrishnan / +44 20 7251 3801 / +44 7826 534 233\[email protected]\n \nLegal Entity Identifier (LEI): 213800KFNMVI8PDZX472\n \n\n","length":4560,"tagName":"div"}]