(Alliance News) - Numis Securities Ltd on Friday confirmed that Invesco Asset Management Ltd has sold 31.0 million shares in AJ Bell PLC at 400 pence each for a total of GBP123.9 million.
Shares in FTSE 250-listed investment platform AJ Bell were trading 15% lower at 380.00 pence each on Friday morning in London.
The sale was conducted by way of an accelerated bookbuild - launched Thursday - in which Numis acted as sole bookrunner.
Following completion of the sale of the 7.6% stake, Invesco will hold just 1.3 million shares in AJ Bell, a 0.3% holding.
By Ife Taiwo; ifetaiwo@alliancenews.com
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AJ Bell (AJB)