---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-062713"
form_type: "8-K"
ticker: "GTES"
cik: "0001718512"
company_name: "Gates Industrial Corp plc"
filed_at: "2023-05-19T23:59:59+00:00"
generated_at: "2026-06-14T19:55:19.342068+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Gates Industrial announces secondary offering by Blackstone; company to repurchase $250M shares

## Summary
- Selling stockholders affiliated with Blackstone offer 22.5M shares; underwriters' option for 3.375M exercised in full.
- Company will not receive any proceeds from the offering but will bear certain expenses.
- Company repurchases $250M of its shares (21,934,634 shares) at offering price from selling stockholders via Citigroup.
- Share repurchase conditioned upon closing of offering, expected May 23, 2023.

## SEC filing metadata
- accession: 0001104659-23-062713
- form_type: 8-K
- ticker: GTES
- cik: 0001718512
- company_name: Gates Industrial Corp plc
- filed_at: 2023-05-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1718512/000110465923062713/0001104659-23-062713-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718512/000110465923062713/tm2315209d6_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-062713
- JSON: https://secwatch.observer/filing/0001104659-23-062713.json
- Plain text: https://secwatch.observer/filing/0001104659-23-062713.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.