27th Mar 2019 09:11
LONDON (Alliance News) - Joh Berenberg Gossler & Co KG on Wednesday said funds managed by LDC Ltd sold approximately one third of their aggregate stake in Team17 Group PLC.
The video game developer's shareholders sold 7.3 million shares, representing 5.5% of Team17's capital, via a secondary placing.
The shares were sold at 225 pence each for a total of GBP16.4 million. As existing shares, Team17 did not benefit from the placing.
Team17 shares were flat at 232.50p each on Wednesday morning.
Following completion of the sale, LDC will retain an 11.1% stake in the video game developer, or 14.6 million shares.
Berenberg acted as sole bookrunner and placing agent in relation to the placing.
Related Shares:
Team17