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IN BRIEF: Bonhill sells US financial news arm ahead of delisting plans

28th Jun 2023 17:22

Bonhill Group PLC - Woking, England-based media company specialising in business information, events and data analytics - Announces completion of disposing its US asset InvestmentNews LLC, a New York-based news company for the financial advisory community, to Key Media Business Information US Inc. On Friday last week, Bonhill said it was selling InvestmentNews for USD4.1 million, and raising GBP4.8 million through a tender offer of 48.0 million shares at 10 pence each. After the close of this tender offer, expected on July 18, Bonhill seeks to cancel its shares and re-register as a private limited company. Cancellation is expected on July 31.

Current stock price: 3.68 pence, down 1.9%

12-month change: down 39%

By Greg Rosenvinge, Alliance News reporter

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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