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IN BRIEF: Audax Management sells 2% GB Group stake for GBP20 million

Thu, 30th Jun 2022 09:31

GB Group PLC - Chester, England-based identity data intelligence firm - Audax Management Co sold 5.0 million shares of GB Group at 400 pence per share, worth GBP20 million, in a placing run by Numis Securities Ltd as sole bookrunner. The sale represented a 2.0% stake in the identity data intelligence firm. Audax retains 4.6 million shares, a 1.8% stake. The plan for the sale was first announced after the London market close on Wednesday.

Current stock price: 412.10p, down 7.0% on Thursday in London

12-month change: down 50%

By Tom Waite; thomaslwaite@alliancenews.com

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