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Home / Banking / BGEO Group Sells 9.5 million Shares of Georgian Healthcare Group

BGEO Group Sells 9.5 million Shares of Georgian Healthcare Group

Further to the announcement on 16 May 2017, BGEO Group PLC (the “Group” or “BGEO”) announces today that the Group has sold 9.5 million shares (the “Placing Shares”) in Georgia Healthcare Group PLC (“GHG”).

Representing approximately 7.2 per cent of GHG’s existing ordinary issued share capital (the “Placing”), at a price of 330 pence per share, raising gross proceeds of £31.4m. Investec Bank plc, Numis Securities Limited, Renaissance Securities (Cyprus) Limited, and Jefferies International Limited acted as Joint Bookrunners in connection with the Placing.

BGEO has agreed that for a period of at least 90 days following completion of the Placing, it will not make further disposals from its remaining holding in GHG (subject to customary exceptions).