CHP Software and Consulting Holdings Limited has announced its intention to sell 14,450,867 ordinary shares in Alfa Financial Software Holdings PLC, representing approximately 4.9% of the company's issued share capital. The sale, at a price of 173p per share, is to meet specific market demand from a single institutional shareholder. Andrew Page, the Executive Chairman of Alfa and ultimate controlling shareholder of CHP, is involved in the sale. However, Alfa will not receive any proceeds from the transaction. Post-sale, CHP will hold approximately 54.7% of the company's issued share capital.
The securities being sold have not been registered under the US Securities Act of 1933 and may not be offered or sold in the United States unless registered or exempt from registration requirements. The announcement is directed at qualified investors in the European Economic Area and the United Kingdom. Barclays Bank PLC is acting solely for the Seller in connection with the sale.
It's important to note that the distribution of this announcement may be restricted by law in certain jurisdictions, and individuals should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.