13th Apr 2016 07:22
LONDON (Alliance News) - Two major shareholders of Hostelworld Group PLC raised GBP61.0 million after selling their entire stakes in the company through an accelerated bookbuild, Numis Securities said on Wednesday.
On Tuesday, Numis revealed that H&F Wings Lux 1 SARL and the Duffy family were selling 23.5 million Hostelworld shares equating to their total stake of 24.6%.
On Wednesday, the broker announced the selling price at 260 pence per share, meaning the shareholders raised GBP61.0 million. Shares in Hostelworld were trading down 3.2% at 268.00p on Wednesday morning, giving the company a market capitalisation of GBP263.2 million.
The accelerated bookbuild was managed by Numis, which acted as sole coordinator and bookrunner.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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