UPDATE: Vitruvian sells 3.0% stake in Trustpilot for GBP28 million

Trustpilot Group PLC - Copenhagen-based consumer reviews platform - Vitruvian Partners LLP sells ...

Alliance News 16 July, 2024 | 10:57AM
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Trustpilot Group PLC - Copenhagen-based consumer reviews platform - Vitruvian Partners LLP sells 12.5 million shares in Trustpilot, a 3.0% stake, in a placing. The sale at 220 pence is worth GBP27.5 million. It is conducted as an accelerated bookbuild by Berenberg and was first announced after the London market close on Monday. Vitruvian continues to hold 9.5 million shares in Trustpilot, which receives no proceeds from the sale as it is of existing shares.

Current stock price: 220.00 pence, down 6.2% in London on Tuesday for GBP912.0 million market capitalisation

12-month change: more than doubled from 75.80p

By Tom Waite, Alliance News editor

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Trustpilot Group PLC 192.40 GBX -0.21 -

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