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Placing of 103.6 million ordinary shares in Barclays Africa
05 May 2016
Barclays Plc has announced today details of the sale of the first tranche of its shares in Barclays Africa Group Limited
The shares were sold to a mix of existing and new investors. A total of 103,592,491 ordinary shares were sold at a price of ZAR 13,053 million, reducing the Barclays PLC stake in BAGL to 50.1%.
Completion of this transaction demonstrates a healthy investor appetite for BAGL, with the book covered multiple times.
Further details concerning the sale can be found in the accompanying RNS issued to the London Stock Exchange by Barclays Plc and SENS announcement issued by Barclays Africa Group Limited.