Bridgepoint Group PLCLSE: BPT

Bridgepoint Group: Issue of Equity

· Issued by Bridgepoint Group PLC via RNS

Summary by 6ix AI

Bridgepoint Group plc intends to issue 2,320,266 ordinary shares of £0.00005 each after receiving an exchange notice for 2,320,266 OP Units, which are units exchangeable one-for-one for new Bridgepoint shares. Admission of the new shares to trading on the London Stock Exchange's main market is expected on October 20, 2026.

Key details

  • The OP Units were issued in the deal through which Bridgepoint added Energy Capital Partners Holdings, LP and affiliated entities to its platform. The deal was carried out through a structure the company calls an Up-C Structure, under which 185 million OP Units were issued at closing.
  • Shareholders approved the Energy Capital Partners deal on October 19, 2023.
  • The new shares will rank equally with Bridgepoint's existing ordinary shares.
  • Bridgepoint has applied for the new shares to be admitted to trading on the London Stock Exchange's main market for listed securities.

What’s still pending

  • Admission of the new shares to trading is expected on October 20, 2026.

6ix AI wrote this summary from the release below and checked it against the release.

Bridgepoint Group plc
("Bridgepoint" or the "Company")

Issue of Equity

The 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.

The Company has received an exchange notice in respect of 2,320,266 of the OP Units and therefore it announces that it intends to issue 2,320,266 ordinary shares of £0.00005 each ("New Ordinary Shares"). The New Ordinary Shares will rank pari passu with existing ordinary shares in issue.

An application has been made for the admission of the New Ordinary Shares to trading on the LSE's main market for listed securities.

Admission is expected to occur on 20 October 2026.

Capitalised terms not otherwise defined in this announcement have the meanings given to them in the circular in respect of the Transaction dated 2 October 2023.

ENQUIRIES:

Bridgepoint

Analysts and investors

Adam Key

adam.key@bridgepointgroup.com

+44 7833 748010

Media

Christian Jones

christian.jones@bridgepointgroup.com  

+44 20 7034 3500

FGS Global (Public Relations Adviser to Bridgepoint)

James Murgatroyd / +44 20 7251 3801 / +44 7768 254 911

bridgepoint-LON@fgsglobal.com

Legal Entity Identifier (LEI): 213800KFNMVI8PDZX472

Bridgepoint Group PLC on 6ix

Story so far

Earlier from Bridgepoint

All Bridgepoint news releases