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IN BRIEF: Blantyre fund sells £14 million in Gym Group shares

ALN

Gym Group PLC - Croydon, London-based gym chain - Blantyre Special Situations Fund I sells a 5.6% stake in Gym Group in a placing run by Rothschild & Co Redburn on Thursday. Blantyre sells 10.0 million shares at 140 pence apiece, worth £14.0 million, to ‘institutional investors and family offices’. Redburn says Blantyre retains a ‘significant shareholding’ in Gym Group that it has agreed to not sell for the next six months, though it to doesn’t provide the exact amount. Back in 2022, Blantyre held an 11.8% stake.

Separately on Thursday, Gym Group says Oxy Capital - SGOIC SA of Lisbon, via Oxy Capital Liquid Opportunities, has a 3.5% stake, up from none previously reported. The controlling person for Oxy Capital is Miguel Calle da Cunha Lucas.

Current stock price: 140.03 pence, closed down 9.2% in London on Thursday for £251.1 million market capitalisation

12-month change: up 2.2%

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