DWF Group PLC - Manchester, England-based legal business - sells 13.3 million ordinary shares at 102 pence per share, totalling GBP16.6 million, representing 4.1% of company's issued share capital. Placing was "significantly oversubscribed", says DWF. Shares up 5.5% in London after placing.
Announced on Tuesday that certain partners and employees of DWF engaged Equiniti Financial Services Ltd to sell shares, includes partner directors Michele Cicchetti and Seema Bains. Jefferies International Ltd, Stifel Nicolaus Europe Ltd and Zeus Capital Ltd acted as joint global bookrunners.
Current stock price: 107.60 pence
Year-to-date change: up 32%
By Josie O'Brien; josieobrien@alliancenews.com
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