BlueFocus Sells 14% Stake In Huntsworth, Retains 5.3% Holding (ALLISS)

LONDON (Alliance News) - Peel Hunt LLP said Thursday it conducted the sale of a 14% stake in ...

Alliance News 27 April, 2017 | 11:58AM
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LONDON (Alliance News) - Peel Hunt LLP said Thursday it conducted the sale of a 14% stake in public relations firm Huntsworth PLC by BlueFocus International Ltd.

BlueFocus sold 45.9 million shares in Huntsworth, but details of the price at which the shares were sold and the overall transaction value were not disclosed. Shares in Huntsworth were up 1.5% at 50.00 pence Thursday.

Peel Hunt said BlueFocus has entered into a lock-up arrangement for its remaining 5.3%, or 17.3 million shares, holding in the company.

Under this agreement, it will not be able to sell its shares in Huntsworth for a period of up 90 days without the consent of Peel Hunt.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

Copyright 2017 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Huntsworth PLC 86.00 GBX -1.15 -
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