AJ Bell founder Andy Bell sells 7.5m shares in placing, raises £28.1m
AJ Bell
453.50p
17:15 13/11/24
-0.22%
-1.00p
AJ Bell said on Friday that founder Andy Bell sold 7.5m shares in the investment platform in a placing at 375p each, raising around £28.1m.
Financial Services
16,554.54
17:14 13/11/24
0.49%
80.66
FTSE 250
20,359.21
17:14 13/11/24
n/a
n/a
FTSE 350
4,434.70
17:14 13/11/24
n/a
n/a
FTSE All-Share
4,392.88
16:44 13/11/24
n/a
n/a
The placing was conducted through an accelerated bookbuild, with Deutsche Numis acting as sole bookrunner.
Following completion, Andy Bell will hold just over 77.3m shares in AJ Bell, which represents a stake of approximately 18.7%.
The company is not a party to the placing and will not receive any proceeds.