9th Jul 2015 07:55
LONDON (Alliance News) - Security software and hardware developer Sophos Group PLC on Thursday said it has issued further shares under its initial public offering after an over-allotment option was exercised.
Sophos said it has issued a further 23.5 million shares at 225 pence per share after the over-allotment was exercised by Morgan Stanley, the stabilising manager on the transaction.
Including the over-allotment exercise, the total size of Sophos' flotation was 180 million shares, or 40% of its total shares in issue of 450 million.
Sophos shares were up 0.2% to 239.10 pence on Thursday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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