By Ian Walker

Numis Securities Ltd. said Tuesday that it has now placed 10 million shares of Ashtead Technology Holdings PLC at 200 pence each on behalf of BP Inv2 Newco Ltd., as first flagged late Monday.

The investment bank said late Monday that it was placing the shares on behalf of BP Inv2, which is majority-owned by Buckthorn Partners LLP and the Arab Petroleum Investments Corporation, via a bookbuild program. The price is a 10% discount to Monday’s closing price of 223.0 pence.
After the sale BP Inv2 will own 12.3 million Ashtead shares, or 15.4% of its issued share capital.
Upon completion of the placing, the plan is to liquidate BP Inv2 and transfer the remaining shares to the underlying investors.
Write to Ian Walker at [email protected]