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18th March 2010
Bridgepoint Capital Ltd has announced the successful placement of 32 million ordinary shares of 1 pence each in the capital of Safestore Holdings plc, representing 48.7 percent of its holding of ordinary shares in the Company, announced earlier today. The Shares were placed with investors at a price of 135 pence per Share and represent, in aggregate, approximately 17.0 percent of the current issued ordinary share capital of Safestore. Bridgepoint continue to hold 17.9 percent of the current issued ordinary share capital of Safestore post the Placing. Bridgepoint have committed, subject to limited carve outs, to not sell further shares in Safestore for a period of 90 days from this announcement.
As a result of today’s placing, Bridgepoint will have achieved a total realised money multiple to date on its investment in Safestore of 4 times.
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