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LONDON - Princes Group plc announced Monday that its stabilisation manager has undertaken market stabilisation activities following the company's recent initial public offering (IPO).
According to a regulatory notice, Peel Hunt LLP has been conducting stabilisation transactions for Princes Group's ordinary shares between October 31 and November 7, 2025. The stabilisation activities were implemented to support the share price following the company's offering of 84,210,526 ordinary shares at 475 pence per share.
The stabilisation transactions occurred on the London Stock Exchange over six trading days, with varying volumes and price ranges. On the first day of trading, October 31, the stabilisation manager purchased 1,078,282 shares at prices between 470.0 and 475.0 pence. Subsequent transactions continued through November 7, with the lowest price point reaching 441.0 pence.
Stabilisation is a common practice following IPOs where designated managers may purchase shares to prevent excessive price volatility in newly listed securities. The practice is regulated under EU market abuse regulations as retained in UK law.
Princes Group's shares trade on the London Stock Exchange with the ISIN code GB00BVZNY531. The company noted in its statement that while stabilisation actions have been undertaken, there is no assurance that the stabilising manager will continue such activities, which may be terminated at any time.
The information was disclosed in a regulatory filing based on a press release statement from the company.
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