Business
Exercise of Overallotment Option
Exercise of Overallotment Option.
About this update from Sabre Insurance Group Plc
[{"type":"text","content":"\n \nRNS Number : 2919Z Sabre Insurance Group PLC 13 December 2017 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT\nFor Immediate Release\n13 December 2017\nSABRE INSURANCE GROUP PLC\nExercise of Overallotment Option\nFurther to its announcement on 6 December 2017 relating to its initial public offering (the \"Offer\"), Sabre Insurance Group plc (the \"Company\") confirms that Barclays Bank PLC, as stabilisation manager, has exercised in its entirety the over-allotment option granted by BC European Capital IX, a private equity fund advised by BC Partners LLP (\"BC European Capital\"), in respect of 12,500,000 ordinary shares of £0.001 (\"Ordinary Shares\") each in the capital of the Company (the \"Over-allotment Shares\"), taking the total number of Ordinary Shares that were subject to the Offer to 137,500,000. The Over-allotment Shares will be sold at the offer price of 230 pence per Ordinary Share.\nFollowing the Offer and the exercise of the over-allotment option, BC European Capital will hold 72,619,567 Ordinary Shares being equal to 29.0 per cent. of the total issued share capital of the Company.\nEnquiries\n\n\n\n\nEvercore Partners International LLP\nFinancial Adviser to the Company\nMark Hennessy\nJim Renwick\n \n\n\n+44 (0)20 7653 6000\n \n\n\n\n\nTulchan Communications\nFinancial Communications Adviser to the Company\nJames Macey White\nMichelle Clarke\n \n\n\n+44 (0)20 7353 4200\n\n\n\n\n \nTicker: SBRE\nSEDOL: BYWVDP4\nISIN: GB00BYWVDP49\nLEI: 2138006RXRQ8P8VKGV98\nImportant Notice\nThis announcement does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase, any securities in the United States of America, Australia, Canada, Japan or South Africa or in any jurisdiction in which such offer or solicitation is unlawful.\nNeither this announcement nor any copy of it may be made or transmitted into the United States of America, or distributed, directly or indirectly, in the United States of America. Neither this announcement nor any copy of it may be taken or transmitted directly or indirectly into Australia, Canada, Japan or South Africa or to any persons...