trending Market Intelligence /marketintelligence/en/news-insights/trending/dUsOkX-5uKPmcfkOFfSAJQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

AJ Bell employees raise gross proceeds of about £25.7M via share sale

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

AJ Bell employees raise gross proceeds of about £25.7M via share sale

A number of AJ Bell PLC's directors, senior managers and employees sold an aggregate 6,422,905 ordinary shares in the company at a price of 400 pence per share, raising aggregate gross proceeds of about £25.7 million.

The British asset manager said the shares represent roughly 1.6% of its existing issued ordinary share capital.

The shares were offered to institutional investors through an accelerated bookbuilding process, with Numis Securities Ltd. acting as the sole book runner. AJ Bell is not due to receive any proceeds from the placing.

Numis agreed to waive the first-year lock-in with respect to the applicable ordinary shares held by AJ Bell's selling shareholders. The selling shareholders had entered into a one-year lock-in with respect to 100% of their shareholdings at IPO and a two-year lock-in with respect to 50% of their shareholdings at IPO.

The trade date for the placing was Dec. 11, with settlement expected to take place on Dec. 13.