27th Nov 2019 12:02
(Alliance News) - Stockbroker Share PLC said Wednesday a subsidiary sold a GBP4.1 million stake in London Stock Exchange Group PLC in order to strengthen its balance sheet.
Share Centre Ltd - a subsidiary of the AIM-listed firm - sold 59,000 shares in the FTSE 100-listed LSE owner, raising GBP4.1 million. Share Centre continues to hold a 1,000 shares stage in LSEG.
The funds from the stake sale will be used to strengthen the balance sheet of Share PLC.
Shares in Aylesbury-based Share PLC were flat at 30.50 pence in London on Wednesday.
By Ahren Lester; [email protected]
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