Baltic Classifieds Group PLC - online classified ads portal provider in Lithuania, Estonia and Latvia - Antler EquityCo Sarl, which is controlled by funds advised by Apax Partners LLP, completed its exit from Baltic Classifieds, selling all its remaining 63 million shares, a 13% stake, in a placing at 247 pence each. The £156 million share sale is larger than first announced. Late on Friday, BofA Securities Europe SA, the sole global coordinator for the placing, said Antler would sell about 30 million shares. BofA on Monday says the offer was doubled in size ‘on the back of strong deal momentum’. Antler had sold 40 million shares back at the start of June.

Baltic Classifieds will receive no proceeds from the sale, as it is of existing shares. The company itself bought back 4.2 million of the shares on offer.

Current stock price: 276.00p, down 0.4% in London early Monday

12-month change: up 39%

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