Brief: Gates Industrial Says It Has Entered Into Share Repurchase Contract With Citigroup Global Markets

Gates Industrial

12/02/2024 22:34

Feb 12 (Reuters) - Gates Industrial Corporation PLC
 GTES.N :
    * GATES ANNOUNCES SECONDARY OFFERING OF 17,500,000 ORDINARY
SHARES
    * GATES INDUSTRIAL CORP- CERTAIN SELLING STOCKHOLDERS
AFFILIATED
WITH BLACKSTONE INC COMMENCED SECONDARY OFFERING OF 17.5 MILLION
OF GATES' ORDINARY SHARES
    * GATES INDUSTRIAL - IT HAS ENTERED INTO SHARE REPURCHASE
CONTRACT
WITH CITIGROUP GLOBAL MARKETS INC. TO REPURCHASE $50 MILLION OF
ORDINARY SHARES
    * GATES INDUSTRIAL CORPORATION PLC - CLOSING OF OFFERING IS
NOT
CONDITIONED UPON CONSUMMATION OF SHARE REPURCHASE

Source text for Eikon:  ID:nPn7Wsm0va 
Further company coverage:  GTES.N 

 ((reuters.briefs@thomsonreuters.com;))