22nd May 2020 12:19
(Alliance News) - Citigroup Global Markets Ltd on Friday said Hoxton Assets Ltd has sold 1.8 million shares in Gamma Communications PLC at GBP11.75 each for a total of GBP21.3 million.
Shares in communication services provider Gamma were trading 2.4% lower at 1,240.00 pence each on Friday in London.
The sale was conducted through a placing in which Citigroup Global Markets acted as sole global coordinator and bookrunner.
Following completion of the sale, Hoxton will hold an 11% stake in Gamma.
Gamma will not receive any proceeds from the placing.
By Ife Taiwo; [email protected]
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