Mersen: falls on sale of shares by Ardian and Sofina
(CercleFinance.com) - The Mersen stock is down 7.
4% today, suffering from the sale by its shareholders Ardian and Sofina of 2.3 million shares or about 11.1% of the group's capital, at a price of 35 euros per share, as part of an accelerated construction of an order book.
As part of this transaction, and in order to contribute to the coverage of stock option plans and bonus share grants to employees, Mersen's Board of Directors has decided to buy 200,000 shares.
After the transaction, Ardian and Sofina's residual interests respectively amount to 10.3% and 4.3% of the capital. The transaction therefore increases the size of its free float, offering more liquidity and thus promoting broader investor access to the share.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
4% today, suffering from the sale by its shareholders Ardian and Sofina of 2.3 million shares or about 11.1% of the group's capital, at a price of 35 euros per share, as part of an accelerated construction of an order book.
As part of this transaction, and in order to contribute to the coverage of stock option plans and bonus share grants to employees, Mersen's Board of Directors has decided to buy 200,000 shares.
After the transaction, Ardian and Sofina's residual interests respectively amount to 10.3% and 4.3% of the capital. The transaction therefore increases the size of its free float, offering more liquidity and thus promoting broader investor access to the share.
Copyright (c) 2018 CercleFinance.com. All rights reserved.