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20 Nov 2024 | 08:17

Helios Towers slumps as ATP offloads 50.6m shares in placing

(Sharecast News) - Helios Towers fell on Wednesday after investor Arbejdsmarkedets Tillægspension (ATP) - Denmark's largest lifelong pension plan - sold around 50.6m shares in the company in a placing for approximately £48m. The shares were placed with investors in an accelerated bookbuild offering at 94p each. The placing price is a 10% discount to the closing share price on Tuesday.

BofA Securities acted as sole bookrunner on the bookbuild.

At 0815 GMT, the shares were down 3.3% at 98.10p.
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