Hargreaves Lansdown chairman Stephen Lansdown plans to sell 15m of his 132m shares in the company to fund private projects, including the proposed new stadium for Bristol City Football Club.
Following the 15m share sale, currently worth about £33m, Lansdown does not intend to sell any further shares prior to the announcement Hargreaves' preliminary results for the year ending 30 June. Lansdown is the chairman of Bristol City, one of the 24 clubs in the second-tier of English football - the Championship. "The share sale will be completed by way an accelerated bookbuilt secondary placing," the statement reads. "Citigroup Global Markets and Numis Securities are acting as joint global co-ordinators and bookrunners. "The sale price will be determined and announced after clos...
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