By Laura Lutz
Des Moines, Nov. 16 - LSL Property Services plc completed its private placement of shares for £81 million.
The company sold 40 million existing shares at 202.5p each.
ABN Amro Rothschild acted as the global coordinator and bookrunner for the deal. N M Rothschild & Sons Ltd. was the sponsor for the deal, and Hoare Govett Ltd. and Numis Securities Ltd. were the joint corporate brokers.
Following the placement, directors and employees of the company will own about 33% of its outstanding share capital.
LSL is a residential property services company based in England.
| Issuer: | LSL Property Services plc
|
| Issue: | Shares
|
| Amount: | £81 million
|
| Shares: | 40 million
|
| Price: | 202.5
|
| Warrants: | No
|
| Bookrunner: | ABN Amro Rothschild
|
| Sponsor: | N M Rothschild & Sons Ltd.
|
| Brokers: | Hoare Govett Ltd., Numis Securities Ltd.
|
| Settlement date: | Nov. 16
|
| Stock symbol: | London: LSL
|
| Stock price: | 213.5p
|
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