July 30, 2018 / 4:09 PM / 4 months ago

BRIEF-Imperial Brands Starts Placement Of 9.99 Pct Of Logista

July 30 (Reuters) - Barclays Bank plc, Morgan Stanley & Co. International plc:

* PLACE 9.99 PERCENT OF LOGISTA FOR IMPERIAL BRANDS IN ACCELERATED BOOKBUILT OFFER

* IT IS EXPECTED THAT PROCEEDS FROM PLACEMENT WILL BE UTILIZED BY IMPERIAL BRANDS TO SUPPORT FURTHER NET DEBT REDUCTION

* FOLLOWING COMPLETION OF PLACING IMPERIAL BRANDS WOULD INDIRECTLY HOLD 50.01 PERCENT OF LOGISTA

* IMPERIAL BRANDS HAS ALSO ENTERED INTO A 180 DAY LOCKUP RESTRICTION FROM SETTLEMENT, ON ITS REMAINING LOGISTA SHARES Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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