The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSophos Group Share News (SOPH)

  • There is currently no data for SOPH

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sophos Co-Founders Set To Dispose Of Stakes In 55.7 Million Share Sale

Wed, 04th Dec 2019 17:03

(Alliance News) - Sophos Group PLC co-founders Jan Hruska and Peter Lammer will look to sell a total of 55.7 million shares in the cybersecurity company through an accelerated bookbuild, sale co-ordinators Barclays Bank PLC said on Wednesday.

The shares total 11% of the FTSE 250 firm's share capital, which is the object of an agreed GBP3 billion takeover offer from US-based private equity firm Thoma Bravo LLC. Should Hruska and Lammer complete the sale, it is expected that they will no longer have a stake in the company, Barclays said.

In November, the co-founders sold 23.9 million shares in Sophos. Barclays, which also co-ordinated that sale, said the duo sold the shares at USD7.32 each, netting a combined USD174.9 million.

Shares in Sophos closed 0.6% lower at 558.60 pence each in London on Wednesday.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

More News
8 Feb 2017 07:45

Sophos to buy US software company for $120m, improves outlook

(ShareCast News) - Cyber security firm Sophos is to buy US software company Invincea for up to $120m in order to consolidate its position in the growing next-generation firewall market, while it said that billings and revenue grew in the third quarter and offered an improved outlook for the year. Th

Read more
9 Nov 2016 08:02

Sophos Interim Operating Loss Widens But Cash Earnings Improve

Read more
9 Nov 2016 07:56

Revenue rises but losses widen at Sophos

(ShareCast News) - Cloud-enabled end user and network security solutions provider Sophos Group issued its interim results for the six months to 30 September on Wednesday, with like-for-like billings up 15.1% year-on-year to $282.3m. The FTSE 250 company said new customer billings were up 19.9% year-

Read more
22 Sep 2016 09:01

Sophos says US jury awards Finjan $15m in damages

(ShareCast News) - FTSE 250 security software company Sophos Group said the jury in the lawsuit brought by cybersecurity firm Finjan has awarded Finjan a one-time damages payment of $15m. The jury found that Sophos infringed on five of Finjan's patents. "This verdict represents the next step in an

Read more
22 Sep 2016 07:39

Sophos Says US Jury Awards Finjan USD15 Million In Patent Litigation

Read more
8 Sep 2016 15:12

UK Dividends Calendar - Next 7 Days

Read more
8 Sep 2016 14:53

FTSE 250 movers: Sophos, Thomas Cook and Auto Trader lead gains

(ShareCast News) - The FTSE 250 was pretty much flat late into Thursday's session, with security software group Sohpos leading the way thanks to read-across from elsewhere Oxford-based Sophos, which is holding its annual general meeting next week, hit a six-month high on the day that FTSE 100 liste

Read more
7 Sep 2016 15:03

UK Shareholder Meetings Calendar - Next 7 Days

Read more
28 Jul 2016 11:22

Sophos' first quarter revenue rises

(ShareCast News) - Cloud security provider Sophos' first quarter revenues grew due to an increase in subscription revenues. In a trading statement for the three months ended 30 June, the company reported a 12.2% rise in revenue year-on-year to $127.4m, a 11.9% increase at a constant currency basi

Read more
28 Jul 2016 10:24

House prices grow in July but too early to tell Brexit impact, says Nationwide

(ShareCast News) - House price growth was steady in July but it's too early tell if there is any impact from Brexit, according to Nationwide on Thursday. The Nationwide building society price index showed that house prices increased by 0.5% month-on-month in July, above the consensus 0.0% and com

Read more
28 Jul 2016 08:59

Sophos Says Strong First Quarter Underpins Confident Full-Year Outlook

Read more
30 Jun 2016 15:29

FTSE 250 movers: Broader rebound outweighs ongoing housing rout

(ShareCast News) - The FTSE 250 continued to rally on Thursday alongside its blue chip sibling as a broad-based rebound across sectors outweighed continued softness for housing-related stocks after the Brexit vote. Half an hour before the close, the FTSE 250 was up 0.65% to 16,106.31. Some of t

Read more
29 Jun 2016 09:49

WINNERS & LOSERS SUMMARY: Investors Hammer Brammer For Profit Warning

Read more
29 Jun 2016 07:55

Sophos reports better-than-expected first quarter

(ShareCast News) - Network security solutions company Sophos updated the market on its first quarter trading on Wednesday, and said it was looking at billings above board expectations. The FTSE 250 firm said like-for-like billings growth is expected to be in the range of 20% to 23% year-over-year.

Read more
29 Jun 2016 07:33

LONDON MARKET OPEN: Downtrodden Banks And Insurers Lead Rally

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.