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HLN Haleon Plc

329.60
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Haleon Plc LSE:HLN London Ordinary Share GB00BMX86B70 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 329.60 330.20 330.30 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec 11.3B 1.05B 0.1136 29.08 30.5B

GSK Sells Haleon Shares at 335p Each, Raising GBP804 Million

12/05/2023 7:47am

Dow Jones News


Haleon (LSE:HLN)
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From Apr 2023 to Apr 2024

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   By Ian Walker 
 

GSK said Friday that it has now sold 240 million shares in consumer healthcare business Haleon for 335 pence each, raising 804 million pounds ($1.01 billion), as first announced late Thursday.

The pharmaceutical giant said Thursday night that it was selling the shares via an accelerated bookbuild. The sale price is a 2.3% discount to Haleon's closing price of 342.85 pence on Thursday.

Following the sale GSK will continue to hold 955 million Haleon shares, or 10.3% of its issued share capital.

Haleon--which includes well-known brands such as Sensodyne and Voltaren--was formed in July 2019 between GSK and Pfizer via the merger of their consumer healthcare businesses into a new joint-venture company.

It was spun out and listed on the London Stock Exchange last July. Pfizer has a 32% shareholding in Haleon.

GSK and Pfizer have agreed not to sell any further Haleon shares for 60 days.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

May 12, 2023 02:32 ET (06:32 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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