Business
Results of secondary placing in Trustpilot
Advent Global Opportunities Master Limited Partnership has completed a secondary placing of 21,593,421 ordinary shares in Trustpilot Group plc at 214 pence per share, raising approximately £46 million in gross proceeds. Trustpilot Group plc will not receive any proceeds from this transaction, and upon completion, Advent Global Opportunities Management LLC will retain a small residual stake of around 250,000 shares. Deutsche Bank AG, acting as Deutsche Numis, and J.P. Morgan Securities plc, acting as J.P. Morgan Cazenove, served as joint bookrunners for the placing. Disclaimer*
About this update from Trustpilot Group Plc
[{"type":"text","content":"\n\nNOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW\n \nThis announcement contains inside information.\n \n24 March 2026\n \nRESULTS OF SECONDARY PLACING OF ORDINARY SHARES IN TRUSTPILOT GROUP PLC\n \nFurther to the announcement released on 23 March 2026 in relation to a proposed secondary sale of ordinary shares (the \"Placing Shares\") in Trustpilot Group plc (\"Trustpilot\" or the \"Company\"), Advent Global Opportunities Master Limited Partnership (\"Advent Global Opportunities\" or the \"Seller\"), announces that, subject to completion, it has sold in aggregate 21,593,421 ordinary shares at the price of 214 pence per share, raising aggregate gross proceeds of approximately £46 million.\n \nDeutsche Bank AG (\"Deutsche Bank\") acting through its London Branch trading as Deutsche Numis (\"Deutsche Numis\") is acting alongside J.P. Morgan Securities plc (\"J.P. Morgan\"), which conducts its UK investment banking activities as J.P. Morgan Cazenove (\"J.P. Morgan Cazenove\"), as joint bookrunners in connection with the Placing (Deutsche Numis and J.P. Morgan together the \"Joint Bookrunners\").\n \nTrustpilot will not receive any proceeds from the Placing.\n \nUpon successful completion of the transaction, Advent Global Opportunities Management LLC will continue to hold a small residual stake of approximately 250,000 shares through a separate fund, which if sold in the future will not be through a capital markets event.\n \nContacts / Enquiries\n \nDeutsche Numis, Joint Bookrunner\nWilliam Baunton / Jonny Abbott / Nelly Pearse\n+44 (0) 20 7545 8000\nJ.P. Morgan Cazenove, Joint Bookrunner\nWill Holyoak / Roie Spitzer / Rohan Misra \n +44 (0)...