6th Sep 2021 17:29
(Alliance News) - Barclays Bank says it to launch an accelerated bookbuilt offering of 3.5 million shares in IntegraFin Holdings PLC. Barclays says founder and director Michael Howard is selling the shares, equal to a 1.1% stake. The sale will be undertaken via an accelerated bookbuilt offering to institutional investors. The sale was instructed to enable Howard to further fund a charitable foundation and also for diversification purposes. Howard continues to be a director of the company and his working relationship with the group is unchanged, the bank adds. IntegraFin will not receive any proceeds from the offering. The sale price of the shares and the final size of the offering will be determined after the books have closed.
Current stock price: 590.00 pence
Year-to-date change: up 5.2%
By Arvind Bhunjun; [email protected]
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