19th May 2015 16:34
LONDON (Alliance News) - Invesco Asset Management Ltd Tuesday said it itends to sell 13 million shares, or a 6.1% stake in Allied Minds PLC.
The company said it would sell the shares on behalf of its managed clients through an accelerated bookbuild to institutional investors, with Jefferies International Ltd and Numis Securities Ltd acting as joint bookrunners. It said Allied Minds will not receive any proceeds from the placing.
Allied Mind shares closed down 0.3% to 634.60 pence per share on Tuesday.
By Joshua Warner; [email protected]; @JoshAlliance
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