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Share Price Information for Gb Group (GBG)

London Stock Exchange
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Share Price: 352.00
Bid: 349.80
Ask: 351.00
Change: 3.60 (1.03%)
Spread: 1.20 (0.343%)
Open: 346.80
High: 352.00
Low: 345.80
Prev. Close: 348.40
GBG Live PriceLast checked at -

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GB Group slides after Audax Management sells 5m shares in placing

Thu, 30th Jun 2022 07:32

(Sharecast News) - Identity and fraud software specialist GB Group slid on Thursday after Audax Management sold 5m shares in the company in a placing.

According to Bloomberg, AG Acuant Holdings - an entity affiliated with Audax Management - sold the shares to institutional investors at 400p each, raising gross proceeds of around £20m.

The placing price represents a 9.7% discount to the closing share price on Wednesday.

At 0830 BST, GB Group shares were down 7.4% at 410.20p.

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Friday broker round-up

(Sharecast News) - GB Group: Canaccord reiterates hold with a target price of 900p.

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GB Group finishes year ahead of market expectations

(Sharecast News) - Identity data technology company GB Group reported a 9% improvement in total revenue and organic constant currency revenue for the 2021 financial year on Thursday, to £217m, ahead of updated market consensus expectations.

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