JTC share price slips as SocGen flags 8.9% stake in Permira takeover trade
JTC Plc shares slipped 0.2% to 1,290 pence by 1057 GMT after Societe Generale disclosed an 8.87% stake, including a 2.61% position via equity-linked swaps. The stock trades below Papilio Bidco’s 1,340p all-cash takeover offer, despite shareholder and regulatory approvals. Deutsche Bank sold 21,171 shares on Jan. 16. The deal is targeting Q3 2026 completion, pending final court sanction.