888 Holdings slumps as Sinitus sells entire stake
Shares in 888 Holdings fell on Wednesday after Sinitus sold its entire stake in the online gambling group via an accelerated bookbuild.
Evoke (DI)
65.75p
16:40 04/10/24
2.81%
1.80p
FTSE 250
20,900.08
17:14 04/10/24
n/a
n/a
FTSE 350
4,570.17
17:14 04/10/24
n/a
n/a
FTSE All-Share
4,527.24
16:54 04/10/24
n/a
n/a
Travel & Leisure
7,830.25
17:14 04/10/24
1.17%
90.51
Sinitus sold just under 46.3m shares in 888 at 243p each, raising gross proceeds of around £112m.
JP Morgan and Morgan Stanley acted as joint bookrunners in connection with the offering and settlement is expected to occur on Friday.
At 0805 BST, the shares were down 4.9% to 246.30p.