29th May 2018 17:32
LONDON (Alliance News) - Sabre Insurance Group PLC said Tuesday certain investors are selling about 18% of the company via an accelerated bookbuild offering to institutional investors.
The 45.5 million shares are being sold by BC Partners LLP and Angus Ball. Following the completion of the offering, BC Partners and Angus Ball will own about 14.5% and 4.3% of the outstanding share capital, respectively.
Barclays Bank PLC are acting as sole global coordinator and bookrunner for the offering. The bookbuilding will commence immediately.
The sale price of the shares and the final size of the offering will be determined after the books have closed.
Shares in Sabre Insurance closed down 1.1% Tuesday at 260.00 pence each.
Related Shares:
Sabre Insur