(Alliance News) - Summit DT Equity Holdings 3 LP completed the sale of a 3.0% stake in Darktrace PLC to a "limited number of institutional investors", investment bank Jefferies International Ltd confirmed on Friday.
The disposal was first announced after the London market close on Thursday. Jefferies was the sole global coordinator and bookrunner for the placing.
Shares in Darktrace, a Cambridge, England-based artificial intelligence cybersecurity firm, were 3.0% lower at 379.20 pence each on Friday morning in London.
Jefferies didn't provide the price at which the 20.8 million shares were sold, but they are worth GBP78.9 million at the current market price.
The sale was originally intended to be of 17 million shares, a 2.4% stake, but this was increased.
Darktrace will not receive any proceeds from the placing, as it was of existing shares.
The move comes around a week after an upbeat trading update from Darktrace and the completion of an investigation into the company by accountants EY.
By Tom Budszus, Alliance News reporter
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Darktrace (DARK)