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PSDL shares placed

16 May 2016 15:25

Liberum Capital Limited has announced that 4,738,712 Phoenix Spree Deutschland Limited shares have been placed at 180.095p apiece.

The shares were placed by PMM Partners (UK) Limited, the property adviser to Phoenix Spree Deutschland Limited, a director of PSDL (and his connected party), various persons deemed to be discharging managerial responsibilities in respect of PSDL (and their connected parties), and other selling shareholders.

The shares were sold to satisfy certain tax charges triggered by the completion of PSDL's restructuring in February 2015 and for financial planning reasons.

At 3:25pm: (LON:PSDL) Phoenix Spree Deutschland share price was 0p at 180.5p

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Related Company: PSDL

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