Helios Towers slumps as ATP offloads 50.6m shares in placing

Helios Towers fell on Wednesday after investor Arbejdsmarkedets Tillægspension (ATP) - Denmark’s largest lifelong pension plan - sold around 50.6m shares in the company in a placing for approximately £48m.

HELIOS TOWERS

20 November 2024 08:18:45

Source: Sharecast

The shares were placed with investors in an accelerated bookbuild offering at 94p each. The placing price is a 10% discount to the closing share price on Tuesday.

BofA Securities acted as sole bookrunner on the bookbuild.

At 0815 GMT, the shares were down 3.3% at 98.10p.

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FTSE 250 ( MCX )

Isin: N/A

Exchange: London Stock Exchange

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Change:

-22.84

(-0.11%)

Date: 03/06/2025 - 15:50

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