Blackstone-affiliated holders price secondary offering of 17.5M Gates shares

Gates Industrial Corp plc

Selling stockholders (Blackstone affiliates) priced 17,500,000 ordinary shares at an undisclosed price.
Underwriters exercised in full a 30-day option for an additional 2,625,000 shares.
Offering expected to close on May 21, 2024, subject to customary conditions.
Company will not receive any proceeds from the sale but will bear certain expenses.
All shares sold by selling stockholders; no new shares issued by Gates.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.