20th Mar 2014 11:25
LONDON (Alliance News) - Arrow Global Group PLC Thursday said that the RBS Special Opportunities Fund has sold its 23.9% stake in the company through a placing with institutional investors.
In a statement, Arrow Global said that as a result, Lindsey McMurray and Ian Gascoigne, company directors who were appointed by the RBS Special Opportunities Fund, have agreed to step down from the board with immediate effect.
Goldman Sachs and Jefferies acted as joint bookrunners on the placing. No other details were provided.
Arrow Global shares were down 2.1% at 230 pence Thursday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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