LONDON (Alliance News) - Jefferies International Ltd said on Thursday that OCM Luxembourg Coppice Topco Sarl plans to sell its remaining 36.2 million shares in FTSE 250-listed Countryside Properties PLC through an accelerated bookbuild.
Shares in the housebuilder closed up 2.9% at 371.00 pence on Thursday. Based on the closing share price, the placing would raise GBP134.3 million.
The shares represent 8.0% of Countryside's issued share capital.
OCM Luxembourg is an entity owned by asset management company Oaktree Capital Management LP.
Jefferies is acting as the sole bookrunner for the placing.
