Admiral slumps after secondary sale
Admiral Group
2,534.00p
11:19 10/01/25
-1.48%
-38.00p
Admiral shares slumped on Tuesday after Bloomberg reported an offering of 1.61m shares in the insurance company.
FTSE 100
8,303.54
11:20 10/01/25
n/a
n/a
FTSE 350
4,551.51
11:20 10/01/25
n/a
n/a
FTSE All-Share
4,506.17
11:20 10/01/25
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Insurance (non-life)
3,821.11
11:19 10/01/25
-2.16%
-84.24
The offering was priced at 2,011p, according to terms of the deal obtained by Bloomberg, to raise £32m.
Barclays is the sole global coordinator for the deal.
At 0910 BST, Admiral shares were down 5.2% at 1,924.50p.