Trustpilot Group PLC - Copenhagen-based consumer reviews platform - Trafalgar Acquisition Sarl, owned by funds managed by Vitruvian Partners LLP, plans to sell 12.5 million Trustpilot shares through a placing to institutional investors, transaction bookrunner Joh Berenberg, Gossler & Co KG says in a filing. Price per share will be determined through an accelerated bookbuild process, though at current prices, the shares are worth around £29.4 million in total.

‘The ordinary shares in the company held by the seller following completion of the Placing will be subject to a 45 calendar day lock-up,’ the filing adds.

Vitruvian Partners sold £31.0 million in Trustpilot shares in March. It sold 15.5 million Trustpilot shares, a 3.7% stake, at 200p each. Following that sale, it held 22.0 million shares, a 5.3% stake.

Current stock price: 235.31p

12-month change: up sharply from 76.90p

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