UPDATE: Beauty Tech shareholders sell 8% stake worth GBP26 million

Beauty Tech Group PLC - Cheshire, England-based seller of at-home beauty treatment technology - Investment bank Joh Berenberg, Gossler & Co KG confirms shareholders in Beauty Tech have sold 8.8 million shares, 7.9% of the company's total, at 300 pence per share, worth GBP26.4 million in total. The selling investors are pre-initial public offer shareholders, and the sale follows a post-IPO lock-in. It was run by Berenberg as an accelerated bookbuild to institutional investors. The selling shareholders now are subject to a 90-day lock-in, during which they cannot sell further shares.

Current stock price: 316.89p, up 2.2% in London on Thursday

12-month change: up 10%

By Jeremy Cutler, Alliance News reporter; updated by Tom Waite, editor

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