14th Jun 2012 12:04
14 June 2012
Young & Co.'s Brewery, P.L.C.
Secondary placing by Guinness Peat Group plc
Young & Co.'s Brewery, P.L.C. ("Young's" or the "Company") has been notified by Guinness Peat Group plc ("GPG") that its stake in the Company has been placed with a number of institutional and other investors. Given GPG's stated intention to realise its portfolio of investments, we view this successful placing as a very positive outcome; it recognises the strength of Young's as an investment proposition and should increase the overall liquidity of the shares. We welcome the news, and our new shareholders to Young's.
GPG's stake comprised 15.39% of the A ordinary shares and 34.16% of the non-voting ordinary shares.
For further information, please contact:
Young & Co.'s Brewery, P.L.C. | 0208 875 7000 |
Stephen Goodyear, Chief Executive | |
Peter Whitehead, Finance Director | |
MHP Communications | 0203 128 8100 |
John Olsen / James White |
Related Shares:
Young & Co's Brewery