Bofa Merrill Lynch says Ascential stake sale raises 200 mln stg

Industry:    2016-09-03

Bofa Merrill Lynch

* Apax sellers”, and Eden Debtco 2 S.À R.L and Guardian Media Group Plc have sold an aggregate of 80,000,000 ordinary shares in capital of Ascential at a price of 250 pence per share

* Raising aggregate gross sale proceeds of 200 million stg through placing

* Following completion of placing, Eden 3 S.À R.L. Will hold approximately 11.1 million ordinary shares in capital of company, representing approximately 2.8 pct

* Eden 4 S.À R.L. Will hold approximately 23.9 million ordinary shares in capital of company, representing approximately 6 pct

* GMG will hold approximately 59.6 million ordinary shares in capital of company, representing approximately 14.9 pct Source text for Eikon:

 

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