22nd Dec 2015 16:26
LONDON (Alliance News) - Peel Hunt on Tuesday said it is acted as the bookrunner as Peter Johnson sold a 27.3% stake in Park Group PLC, the company he founded and chairs, for GBP32.6 million.
The chairman placed 50.2 million shares in Park Group, a multi-retailer voucher and prepaid gift card business, at 65.0 pence each, in an accelerated bookbuild with institutional investors.
Arden Partners was the lead manager on the placing.
The stake was held through the 1989 Peter Johnson Settlement Trust, Huntress Nominees, and the Johnson Foundation. Following the placing, the Trust, Huntress and the Foundation no longer hold any shares in the company.
The chairman has a beneficial interest in the 1989 Peter Johnson Settlement Trust and Huntress Nominees, and a non-beneficial interest in the Johnson Foundation.
Shares in Park Group were down 9.0% at 68.04p on Tuesday afternoon.
By Samuel Agini; [email protected]; @samuelagini
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Related Shares:
Park Group PLC