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Gates Announces 25M Share Offering By Selling Shareholders

Gates Industrial Corporation plc (NYSE:GTES, ", , Gates", , )))) announced today that certain selling stockholders affiliated with The Blackstone Group Inc. have commenced a secondary offering of 25,000,000 of

Gates Industrial Corporation plc (NYSE:GTES, &quot, , Gates&quot, , ))))) announced today that certain selling stockholders affiliated with The Blackstone Group Inc. have commenced a secondary offering of 25,000,000 of Gates' ordinary shares. In connection with the offering, the selling stockholders intend to grant to the underwriters a 30-day option to purchase up to 3,750,000 additional ordinary shares.

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