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LONDON - Morgan Stanley & Co. International plc has exercised in full the over-allotment option to acquire 33,042,453 additional ordinary shares of Verisure plc at the offer price of €13.25 per share, according to a post-stabilization announcement released Thursday.
The over-allotment option was exercised on behalf of Aegis Lux 2 S.à r.l. As a result of this action, the stabilization period, which was initially expected to end on November 7, has been terminated effective immediately.
The announcement follows Verisure’s initial public offering, which consisted of 220,283,021 ordinary shares at €13.25 per share, excluding the over-allotment option and subscriptions.
Morgan Stanley, which served as the stabilization manager for the offering, confirmed that no stabilization measures were undertaken in relation to the securities.
Verisure’s shares trade on the London Stock Exchange under the ISIN code GB00BVMN1558. The company’s ordinary shares have a nominal value of €0.001 each.
The information was disclosed in a regulatory announcement to the London Stock Exchange.
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