UK Politics

Belvoir shareholder to sell 2mln shares to institutional investors


Belvoir Group PLC (LON:BLV) announced a shareholder is looking to sell up to 2mln ordinary shares at a price of not less than 150p each.

They represent up to approximately 5.7% of the issued share capital of the property franchise.

READ: Belvoir Group confident of meeting expectations as post-lockdown activities hit record levels

The placing will be carried out via an accelerated bookbuild to institutional investors, while the final number and price will be agreed by broker finnCap and the selling shareholder, who is founder and former chairman Mike Goddard, at the close of the bookbuild process.

Following a block-trade agreement between the selling shareholder and finnCap dated September 2019, Goddard will not sell any further ordinary shares until September 24, 2020 without finnCap's prRead More – Source