ITE Group Says GPP Energy Sells Entire Stake Via Placing (ALLISS)

Tue, 17th May 2016 07:48

LONDON (Alliance News) - Events company ITE Group PLC on Tuesday said GPP Energy Advisors Ltd has sold its entire stake in the business.

GPP sold 4.7 million ITE shares at 130.00 pence through a placing which ITE had flagged on Monday. ITE shares were down 0.9% to 135.25p.

Following the sale of the shares, which represent around a 1.8% stake in ITE, GPP Energy will no longer hold a stake in ITE.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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