21st Mar 2018 17:44
LONDON (Alliance News) - Barralina Asset Management GmbH said Wednesday that it intends to sell its remaining 3.90% stake in Gym Group PLC via an accelerated bookbuild offering.
Gym Group will not receive any proceeds from the share placing.
The sale will be conducted through a placing of up to 5 million existing shares in the company. Joh. Berenberg, Gossler & Co KG, London Branch, is acting as sole bookrunner and placing agent in relation to the placing.
Shares in the gym operator closed at 253.00 pence, down 0.4%.
Related Shares:
Gym Grp
