ME Group International PLC - Birmingham, England-based instant-service equipment company - Investment bank Joh Berenberg, Gossler & Co KG says FPCI Montefiore Investment IV, an entity managed by Montefiore Investment SAS intends to sell around 5% of the issued share capital in ME Group International. This will be conducted through a placing to eligible institutional investors by means of an accelerated bookbuild. At Thursday's closing price, a 5% stake is worth around GBP41.5 million.
Berenberg is acting as sole bookrunner and placing agent in relation to the placing, the price of which will be determined through the bookbuild process. ME Group is not a party to the placing and will not receive any proceeds.
Current stock price: 220.00 pence
12-month change: up 39%
By Jeremy Cutler, Alliance News reporter
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