Private equity firm sells 5% stake in Auction Technology Group

28th Jun 2024 07:18

(Sharecast News) - Marketplace tech firm Auction Technology Group has announced that private equity firm TA Associates has offloaded a 5% shareholding through a share placing with institutional investors.

The company said that TA Associates had sold 6.1m shares by way of an accelerated bookbuild to institutional investors at 525p a pop on Thursday, compared with Wednesday's closing price of 565p.

The transaction reduced TA Associates' stake in ATG from 17.6% to 12.6%

ATG, which does not receive any proceeds from the placing, has seen its share price fall by around a quarter since the same time last year and by around 65% since hitting highs of nearly 1,600p in mid-2021.

The stock was down 7.2% at 516p in early deals on Friday.

Top Risers

Share	Price	Change
Ferrexpo (FXPO)	79.20	0%
Clontarf (CLON)	0.0455	0%
Braime Holdings (BMT)	1,100.00	0%
Reabold Resources (RBD)	0.0625	0%
Braveheart Investments (BRH)	4.25	0%

Top Fallers

Share	Price	Change
Alba Mineral Resources (ALBA)	0.0304	0%
Surface Transforms (SCE)	0.175	0%
Empyrean (EME)	0.1225	0%
Westminster Group (WSG)	1.90	0%
Microsalt (SALT)	72.50	0%

Top By Volume

Share	Price	Volume
Tower Resources (TRP)	0.031	0
Mosman Oil Gas (MSMN)	0.0385	0
Reabold Resources (RBD)	0.0625	0
Clontarf (CLON)	0.0455	0
Alba Mineral Resources (ALBA)	0.0304	0

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.