Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Arrow Global Prices IPO - Quick Facts

Arrow Global Group plc, a consumer debt purchaser and provider of receivables management solutions, announced it has priced initial public offering at 205 pence per ordinary share. The offer is expected to raise gross proceeds of approximately 50.0 million pounds for the company. The offer comprises 92,139,603 ordinary shares, representing 52.8 percent, of the company's ordinary shares.

Arrow Global said conditional dealings will commence on the London Stock Exchange at 8.00 a.m., October 8, under the ticker ARW. The Group expects admission to the premium listing segment of the official list, admission of the shares to trading on the main market for listed securities of the London Stock Exchange and the commencement of unconditional dealings in the ordinary shares to take place at 8.00 a.m. on 11 October 2013.

Immediately following Admission, RBS SOF will continue to hold 29.2 percent of the company's ordinary shares, which are subject to a 180 day lock-up.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A number of major retailers will be open on Thanksgiving for early Black Friday shopping events. Kohl's department stores will kick off Black Friday sales two hours earlier this year, at 6 p.m. Thanksgiving Day, while Macy's, Bon-Ton and Best Buy will open at the same time. J.C. Penney and Sears... Twitter Inc. has replaced its head of product Daniel Graf just six months after luring him over from Google, according to multiple reports. Graf, previously known for his work leading Google Maps, will retain his vice president of product title and work on Twitter's geolocation features, the Wall... LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.