GB Group Software

A shareholder in Chester-based digital location, identity and identity fraud prevention software specialist GB Group (GBG) has sold shares representing approximately 2 per cent of the listed business' issued share capital.

AG Acuant Holdings LP, an entity affiliated to Audax Management Company LLC, has sold 5,000,000 ordinary shares in GBG.

It has sold the ordinary shares of 2.5 pence each by way of an accelerated bookbuild to to institutional investors at a price of 400 pence per ordinary share, equating to gross proceeds of £20m.

Read our other news

New Chester build-to-rent 176-apartment development launches

CHESTER’S first large-scale build-to-rent scheme will see a 176-apartment development just minutes from Chester train station.

Cheshire West and Chester Council planners approve wall

A concrete wall to provide radiological shielding at a Cheshire business has been given permission by council planners.

Ellesmere Port vans leading electric rollout at Royal Mail

Royal Mail has introduced fully electric vans at its Ellesmere Port Delivery Office as part of a national rollout, cutting emissions and supporting jobs in the area.