27th May 2016 12:17
LONDON (Alliance News) - Lender Shawbrook Group PLC on Friday said Special Opportunities Fund (Guernsey) LP has sold a 5.5% stake in the company.
Shawbrook said the fund, advised by Pollen Street Capital Ltd, sold 13.8 million shares, leaving it holding 97.3 million, or a 39% stake in the business.
No pricing was provided on the sale of the shares, which took place on Wednesday.
Shares in Shawbrook were down 1.0% to 295.50 pence on Friday afternoon. At that price, the sale would have been worth around GBP40.8 million.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
SHAW.L