7th Jun 2019 09:28
LONDON (Alliance News) - Invesco Asset Management Ltd sold 38 million shares in online investment platform provider AJ Bell PLC, raising GBP144.4 million, bookrunner Numis Securities Ltd said Friday.
The shares were sold at 380 pence each, a discount to Thursday's 400p close. AJ Bell stock was 1.4% lower at 394.25p early Friday morning.
Following completion of the sale, Invesco will hold 65.6 million shares in AJ Bell, equivalent to a 16.1% stake, down from 25%.
Related Shares:
AJ Bell