31st Mar 2021 14:44
Pebble Group PLC - Manchester-based technology and services for promotional products industry - Funds managed by Elysian Capital LLP sells 14.0 million shares in Pebble for 135 pence each, totalling GBP18.9 million through an accelerated bookbuild.
Original maximum target was 12.0 million shares, but the sale was upsized due to "significant investor demand".
Joh Berenberg, Gossler & Co KG acts as the sole bookrunner and placing agent, and Pebble will not receive any proceeds from the placing.
Following the placing, the sellers will hold 9.3 million shares overall, reflecting a 5.5% interest in Pebble.
Current stock price: 143.00 pence
Year-to-date change: up 10%
By Dayo Laniyan; [email protected]
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The Pebble Gro.