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Trustpilot Group PLC - Copenhagen-based consumer reviews platform - Venture capital fund Northzone VI LP sells all 5.2 million of its remaining shares in Trustpilot at a price of 157 pence per share, worth GBP8.2 million. Berenberg, Gossler & Co KG is sole bookrunner for the share placing, conducted through an accelerated bookbuild that the investment bank had announced after the London market close on Monday.
The placing represents a 1.2% stake in Trustpilot. The company will receive none of the cash, as the sale is of existing shares. Back in October, Northzone sold 13.0 million Trustpilot shares, a 3.1% stake, at 103p each. It no longer holds any Trustpilot shares.
Current stock price: 160.50p, down 2.9% in London on Tuesday morning.
12-month change: up 46%
By Hugh Cameron, Alliance News reporter
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