30th Nov 2015 16:51
LONDON (Alliance News) - Pentagon Lock Monday said it plans to sell around 60 million shares in Sophos Group PLC, equivalent to around a 13.3% stake in the company, through a secondary placing.
Following this sale Pentagon Lock is expected to hold around 98.4 million shares, or a 21.8% stake in the IT security and software company, which listed in London in July.
The shares are being sold by Pentagon Lock Sarl, Pentagon Lock 7-A Sarl, Pentagon Lock US Sarl, and Pentagon Lock 6-A Sarl.
The secondary placing will be conducted via an accelerated bookbuild, to be carried out by JP Morgan Cazenove and Morgan Stanley & Co International PLC acting as bookrunners.
The price of the sale will be agreed at the close of the bookbuilding process.
Shares in Sophos closed down 1.5% at 283.60 pence Monday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Sophos Group