Sybil Sells Remaining 12% Avast Share Holding For GBP444 Million

(Alliance News) - A major Avast PLC shareholder has sold off all of its remaining stake, having ...

Alliance News 4 September, 2019 | 9:18AM
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(Alliance News) - A major Avast PLC shareholder has sold off all of its remaining stake, having halved the number of shares held in March.

On Tuesday, Jefferies International Ltd had said Sybil Holdings Sarl would be selling 120.9 million shares, or just over 12% of the cybersecurity company, in a sale worth GBP466.4 million at Tuesday's closing price in London.

Jefferies on Wednesday confirmed this has been completed, at a price of 367 pence per Avast share, giving a gross value of GBP443.7 million. Avast received no proceeds from the sale.

In March, Sybil sold 95.4 million Avast shares, worth 10% of the company, at 284p each, netting it GBP271 million.

The FTSE 250 stock was 3.1% lower on Wednesday morning in London at 374.00p each.

By George Collard; georgecollard@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Avast PLC 525.00 GBX 0.96 -

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