logo
Share SHARE
FONT-SIZE Plus   Neg

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
Facebook's Chief Operating Officer Sheryl Sandberg said the company would be a founding partner of Station F start-up garage in Paris. There will be more than 3000 desks for tech companies at the start-up garage. In its first ever start-up project, Facebook plans to have 80 desks and would initiate the activities by April. Book retailer Barnes & Noble has pulled off from shelves its Nook tablet due to a faulty charger, after launching the cheap 7-inch tablet in November to take on Amazon's popular Fire tablets. Nook tablet has been removed from brick and mortar stores as well from online. Barnes & Noble has not issued... Morgan Stanley (MS) reported fourth-quarter net income applicable to company of $1.7 billion, or $0.81 per share compared with income of $908 million, or $0.39 per share, for the same period a year ago. On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share...
comments powered by Disqus
Follow RTT