UPDATE: Montefiore sells GBP53 million stake in ME Group International

ME Group International PLC - Birmingham, England-based instant-service equipment company - FPCI ...

Alliance News 28 February, 2025 | 11:53AM
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ME Group International PLC - Birmingham, England-based instant-service equipment company - FPCI Montefiore Investment IV, an entity managed by Montefiore Investment SAS, sells a 7.0% stake in ME Group, slightly more than the 5% initially planned. The sale of 26.5 million shares at 200 pence each, worth GBP53.0 million, is conducted by investment bank Joh Berenberg, Gossler & Co KG in a placing to institutional investors. The disposal, first announced after the London market close on Thursday, leaves Montefiore with 18.9 million ME Group shares, a 5.0% stake, which are subject to a 45-day lock-up. The sale is of existing shares, so ME Group will not receive any of the proceeds.

Current stock price: 197.30p, down 10% on Friday in London

12-month change: up 25%

By Jeremy Cutler, Alliance News reporter; updated by Tom Waite, editor

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
ME Group International PLC 192.20 GBX -12.64 -

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