11th Nov 2019 17:42
(Alliance News) - JP Morgan Securities PLC said on Monday it intends to place approximately 68.0 million shares in Trainline for KKR Victoria Aggregator LP and other sellers.
The company said KKR currently owns 60 million ordinary shares, representing 12.4% of Trainline's issued share capital.
The other selling shareholders - including funds managed by Index Ventures, Ares, Alven Capital - currently own in aggregate 8.0 million ordinary shares, representing 1.7% of the issued share capital.
Trainline shares closed 2.1% higher in London at 442.00 pence each on Monday, meaning the sale will be worth about GBP300.6 million gross.
Trainline won't receive any of the proceeds from the sale, as it is of existing shares.
By Loreta Juodagalvyte; [email protected]
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