10th Dec 2019 17:18
(Alliance News) - Numis Securities Ltd on Tuesday said several directors, senior management and employees intend to sell up to 6.4 million AJ Bell PLC shares, representing around a 1.6% stake.
Numis said it will offer the shares to institutional investors through an accelerated bookbuild, where it will act as sole bookrunner.
AJ Bell will not receive any proceeds from the placing.
AJ Bell shares closed 1.6% higher in London on Tuesday at 406.02 pence each.
By Evelina Grecenko; [email protected]
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