18th Dec 2020 09:21
On The Beach Group PLC - Manchester, England-based retailer of package holidays to European beaches - Hawksford Trustees Jersey Ltd sells 3.9 million shares, a 2.5% stake, at 360 pence per share, worth GBP14.0 million. The placing, first announced after the market close on Thursday, was conducted by an accelerated bookbuild run by Peel Hunt LLP and Numis Securities Ltd, part of Numis Corp. Following the share sale, Hawksford has a 3.7% remaining stake. On The Beach will receive no proceeds of the sale, as it was of existing shares.
Current stock price: 371.00p, up 1.5% on Friday
Year-to-date change: down 24%
By Tom Waite; [email protected]
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