Key Developments: Shawbrook Group PLC (SHAW.L)
Latest Key Developments (Source: Significant Developments)
Shawbrook Group PLC:Says Iain Cornish will be appointed as chairman of the company with effect from July 6.Sir George Mathewson will step down as Chairman and as a director of the company with effect from the July 6. Full Article
Shawbrook Group PLC:Says its entire issued share capital of 250,000,000 Ordinary Shares has been admitted to the premium listing segment of the Official List of the UK Listing Authority and to trading on London Stock Exchange's main market for listed securities under the ticker "SHAW". Full Article
Shawbrook Group PLC:Says pricing of its initial public offering of 75,000,000 ordinary shares at 290 pence per ordinary share.Based on the offer price, the market capitalisation of the company will be about 725 million Pounds on Admission.The offer comprises 75,000,000 ordinary shares, representing 30 pctof the company's ordinary shares that will be in issue at admission.The Offer is expected to raise gross proceeds of about 90.0 million Pounds for the Company.Says Merrill Lynch International and Goldman Sachs International are acting as Joint Sponsors, Joint Global Co-ordinators and Joint Bookrunners to the Offer, with Macquarie Capital acting as a Joint Bookrunner and Keefe, Bruyette & Woods, a Stifel Company, acting as Co-lead Manager. Full Article
Nov 11 British bank Shawbrook Group Plc's largest shareholder, Special Opportunities Fund (Guernsey) LP, plans to sell a stake of about 10 percent in the company, bookrunner Goldman Sachs said.