UK's Helios Towers drops on discounted secondary share placement

RIT Capital Partners

19/06/2024 08:30

** Shares of Helios Towers  HTWS.L  slip 7.5% to 114 pence 
    ** Stock among the top losers on the FTSE 250 index  .FTMC  
    ** Newlight Partners LP and RIT Capital Partners sell 18.8
mln shares in the telecom infrastructure co for total aggregate
amount of gross proceeds of about 43.2 mln pounds ($54.98 mln)
in a secondary share placement
    ** Price of 1.15 pounds per sale share is at a 6.7% discount
to last close on June 18 
    ** Following settlement of sale, Newlight and RIT to hold
about 13.2% and 3.2% stake, respectively, in HTWS 
    ** Stock up 38.4% YTD, as of last close 
    
($1 = 0.7858 pounds)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))