12th Nov 2015 10:48
LONDON (Alliance News) - Jefferies International Ltd on Thursday said some Index Ventures funds have completed the sale of a 3.7% stake in Just Eat PLC for GBP110 million.
A total of 25 million Just Eat shares were sold at a price of 440p each.
Index Ventures funds now have an 8.3% stake in Just Eat, accounting for 56 million shares. Following completion of the placing, the sellers will be subject to a lock-up of 90 days in respect of their remaining shareholding.
Jefferies International acted as bookrunner in relation to the placing.
Shares in Just Eat were trading down 3.9% at 440.00 pence Thursday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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