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Windmill to sell stake in Volution

08 April 2016 11:49

Windmill Holdings B.V. has announced its intention to sell 35 million ordinary shares in Volution Group to qualified institutional investors.

The Placing will be priced at 165 pence per Volution share. The Placing Shares represent 17.5% of Volution's entire issued share capital.

Windmill is an affiliate of funds managed and/or advised by Towerbrook Capital Partners L.P.

The Placing will be conducted by means of an accelerated bookbuild to qualified institutional investors, which will be launched immediately following this announcement.

Liberum Capital Limited is acting as Sole Bookrunner in connection with the Placing.

At 11:49am: (LON:FAN) Volution Group Plc share price was -3.25p at 163.75p

Story provided by StockMarketWire.com

Related Company: FAN

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