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Eddie Stobart to be listed on AIM

19 April 2017 13:52

Stobart Group says it has noted that Eddie Stobart has published an admission document in connection with its proposed institutional placing and admission to trading on AIM, which is expected to occur on 25 April 2017.

The terms of the transaction value the interest that the Group held in Eddie Stobart at £184.6m, at the issue price of 160p per Eddie Stobart share, and the Group expects to receive proceeds comprising cash of £113.1m and a retained shareholding of £71.5m, representing 12.5% of Eddie Stobart's share capital on admission to AIM.

At 1:52pm: (LON:STOB) Stobart Group Ltd share price was -1.62p at 222.13p

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Related Company: STOB

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