1st Dec 2015 07:58
LONDON (Alliance News) - Pentagon Lock said it sold 60 million shares in Sophos Group PLC, or around a 13.3% stake, at a price of 265 pence each Tuesday, or a total of GBP159.0 million.
This was a discount to the IT security and software company' closing price Monday of 283.60 pence.
Following the sale the sellers, Pentagon Lock Sarl, Pentagon Lock 7-A Sarl, Pentagon Lock US Sarl, and Pentagon Lock 6-A Sarl, hold an around 21.8% stake in Sophos.
The sale was conducted via an accelerated bookbuild, carried out by JP Morgan Cazenove and Morgan Stanley & Co International PLC.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Sophos Group