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LONDON - Blantyre Capital Limited has sold a 5.6% stake in The Gym Group plc (LSE:GYM) through a secondary placing of shares, according to a press release issued Thursday.
The transaction involved 10,033,120 ordinary shares placed with institutional investors and family offices at a price of 140 pence per share. The sale was conducted on behalf of St Andrews Sarl, SICAV-RAIF and/or its affiliates.
Following the transaction, Blantyre Capital will maintain a significant shareholding in The Gym Group. The seller has agreed to a lock-up period restricting further share disposals for 6 months following July 15, 2025, subject to customary exemptions and waiver provisions.
The Gym Group was not a party to the transaction and will not receive any proceeds from the share sale.
The accelerated bookbuild process was managed by Rothschild & Co Redburn as sole bookrunner, while Ocean Wall Ltd acted as originator and corporate adviser for the transaction.
The Gym Group operates a chain of low-cost, no-contract fitness facilities across the United Kingdom (TADAWUL:4280).
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