---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-023651"
form_type: "8-K"
ticker: "GTES"
cik: "0001718512"
company_name: "Gates Industrial Corp plc"
filed_at: "2024-02-14T23:59:59+00:00"
generated_at: "2026-06-06T02:28:21.353819+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Blackstone affiliates price secondary offering of 17.5M shares; Gates to repurchase $50M in shares

## Summary
- Underwritten secondary offering of 17,500,000 ordinary shares by Blackstone selling stockholders priced at market close on Feb 12, 2024.
- Underwriters' option to purchase up to 2,625,000 additional shares exercised in full on Feb 13, 2024.
- Gates will not receive proceeds but will repurchase $50M of its shares from underwriters at the offering price, totaling 4,151,100 shares.
- Certain directors agreed to purchase 1,061,475 ordinary shares in the offering.
- Offering expected to close on February 16, 2024, subject to customary closing conditions.

## SEC filing metadata
- accession: 0001104659-24-023651
- form_type: 8-K
- ticker: GTES
- cik: 0001718512
- company_name: Gates Industrial Corp plc
- filed_at: 2024-02-14T23:59:59+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/1718512/000110465924023651/0001104659-24-023651-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718512/000110465924023651/tm245788d6_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-023651
- JSON: https://secwatch.observer/filing/0001104659-24-023651.json
- Plain text: https://secwatch.observer/filing/0001104659-24-023651.txt

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