Telecom Plus non-executive chairman, other shareholders to sell 4.4% stake
Broker Peel Hunt said on Monday that Charles Wigoder, the non-executive chairman of Telecom Plus, the Wigoder Family Foundation and a number of other smaller shareholders in the company plan to sell around 3.5m shares in a placing.
Fixed Line Telecommunications
1,761.30
16:54 17/04/24
0.62%
10.93
FTSE 250
19,340.14
16:54 17/04/24
n/a
n/a
FTSE 350
4,316.81
16:54 17/04/24
n/a
n/a
FTSE All-Share
4,273.02
16:54 17/04/24
n/a
n/a
Telecom Plus
1,618.00p
16:54 17/04/24
-0.61%
-10.00p
The shares, which represent a stake of around 4.4%, are being offered by way of an accelerated bookbuild, which will be launched immediately.
Peel Hunt and Numis are acting as joint bookrunners.
Telecom Plus - which trades as Utility Warehouse - is not a party to the placing and will not receive any of the proceeds.