November 6, 2019 / 8:35 AM / 9 days ago

BRIEF-J.P. Morgan Securities Says Seller Sold 139.7 Mln Shares Of Breedon By ABB At 59 Pence Per Share

Nov 6 (Reuters) - J.P. Morgan Securities Plc:

* SELLER SOLD 139.7 MILLION SHARES OF BREEDON BY ACCELERATED BOOKBUILD AT 59 PENCE/SHARE, RAISING GROSS PROCEEDS OF £82.4 MILLION

* ON BREEDON GROUP PLACING, ALLOCATIONS WILL BE CONFIRMED TODAY, 6 NOVEMBER, FOR SETTLEMENT ON 8 NOVEMBER

* NO PROCEEDS FROM PLACING WILL BE RECEIVED BY BREEDON

* FOLLOWING COMPLETION OF BREEDON PLACING, SELLER WILL NO LONGER OWN ANY SHARES IN COMPANY Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below