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Pin to quick picksDarktrace Share News (DARK)

Share Price Information for Darktrace (DARK)

London Stock Exchange
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Share Price: 587.60
Bid: 587.40
Ask: 588.00
Change: 2.20 (0.38%)
Spread: 0.60 (0.102%)
Open: 585.80
High: 590.80
Low: 585.80
Prev. Close: 585.40
DARK Live PriceLast checked at -

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Darktrace shares down after investor sells entire position

Fri, 22nd Mar 2024 10:01

(Alliance News) - Jefferies International Ltd on Friday confirmed that US investment firm KKR Dark Aggregator LP sold its stake in Darktrace PLC.

Shares in the Cambridge, England-based cybersecurity company fell 8.4% to 422.62 pence in London on Friday morning.

Following an initial announcement on Thursday, KKR sold 19.4 million shares at 425.00 pence each via a secondary placing to institutional investors.

The sale represents a full exit by the fund advised by Kohlberg Kravis Roberts & Co LP, however a second fund a will continue to hold 7.3% in the company.

Darktrace is not a party to the placing and will not receive any proceeds.

KKR Dark Aggregator has agreed to a lock-up period of 60 days for the remaining shares in Darktrace held by funds advised by Kohlberg Kravis Roberts & Co LP and its affiliates. It first invested in Darktrace in 2016.

By Elijah Dale, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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