Pfizer intends to sell about 540M ordinary shares in Haleon

Pfizer (PFE) announces that it intends to sell approximately 540M ordinary shares in Haleon plc (HLN), representing approximately 5.9% of Haleon’s issued share capital. “This announcement is not and does not constitute an offer to sell and there will be no public offering of the Sale Shares in any jurisdiction. There will be no sale of any Ordinary Shares in the form of American depositary shares in Haleon. The price per Sale Share will be determined by way of an accelerated bookbuilding process to institutional investors. The bookbuilding period will commence immediately following this announcement and may close at any time on short notice. The completion of the bookbuilding process and the results of the Offering, including the number of Sale Shares to be sold and the price per Sale Share, will be announced as soon as practicable thereafter. Pfizer will receive all of the net proceeds from the Offering, subject to customary closing conditions. No Ordinary Shares are being sold or issued by Haleon in the Offering, and Haleon will not receive any of the net proceeds from the Offering,” the company stated in a notice to the London Stock Exchange.