Gates Industrial selling shareholders to offer 28.75M shares at $16.00 via secondary offering

Gates Industrial Corp plc

Selling shareholders to sell 25M shares; underwriters' option for 3.75M additional shares exercised in full.
Public offering price set at $16.00 per ordinary share; expected close August 16, 2021.
Underwriters include Citigroup Global Markets Inc. and Evercore Group, L.L.C.
Company will not receive any proceeds from the sale; will bear certain offering expenses.
Offering represents approximately 9.8% of outstanding shares based on 292.4M shares outstanding as of Q2 2021.

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