9th May 2018 16:53
LONDON (Alliance News) - Jefferies International Ltd said on Wednesday funds managed by JC Flowers & Co LLC will place 19.0 million shares in OneSavings Bank PLC through an accelerated bookbuild.
Shares in the FTSE 250-listed lending and retail savings company closed up 2.2% at 418.00 pence on Wednesday. The shares reflect 8.0% of OneSavings currently issued share capital.
Jefferies is acting as sole global coordinator and bookrunner, with Goodbody Stockbrokers UC as placing agent and NM Rothschild & Sons Ltd as sole financial adviser.
A number of shares held on behalf of the JCF Funds equal to 10% of the shares placed will be distributed to certain investors in the funds.
OneSavings Bank will not gain any proceeds from the transaction.
Related Shares:
OneSavings Bank