13th Jan 2017 16:39
LONDON (Alliance News) - Peel Hunt LLP on Friday said LSF9 Concrete II Ltd has agreed to sell 20 million shares in Forterra PLC via an accelerated bookbuild.
According to Peel Hunt, which is running the bookbuild with Numis Securities Ltd, the shares represent a 10% stake in Forterra.
The proceeds of the placing, which is expected to close on Friday, are payable in cash. Forterra will not receive any proceeds.
Any shares not sold in the placing will be subject to a 90-day lock-up.
Shares in Forterra closed flat at 180.00 pence on Friday.
By Karolina Kaminska; [email protected]; @KarolinaAllNews
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