Baltic Classifieds Announces Major Share Transactions

Baltic Classifieds Group Plc (GB:BCG) has released an update.

Baltic Classifieds Group PLC has announced a concurrent share transaction involving a buy-back of roughly 4.2 million shares from Antler EquityCo S.à r.l. and a secondary placing of approximately 30 million shares by Antler, which represents about 6% of the company’s issued share capital. The transactions are to be facilitated through an accelerated bookbuild managed by BofA Securities Europe SA, with Antler agreeing not to sell any additional shares for 90 days post-placement, except under certain conditions. The company itself will not benefit financially from the placement as it is not a party to the transaction.

For further insights into GB:BCG stock, check out TipRanks’ Stock Analysis page.