Bridgepoint slumps as shareholders place 14.7m shares
Bridgepoint Group (Reg S)
335.60p
14:44 21/11/24
1.08%
3.60p
Bridgepoint slid on Friday after a group of 103 current and former employees and some related entities sold 14.7m shares in a placing.
Financial Services
17,095.48
14:45 21/11/24
0.93%
157.23
FTSE 250
20,264.89
14:45 21/11/24
n/a
n/a
FTSE 350
4,478.69
14:45 21/11/24
n/a
n/a
FTSE All-Share
4,435.45
14:45 21/11/24
n/a
n/a
According to terms seen by Bloomberg, the shares were priced via JPMorgan and Morgan Stanley at 340p each. This is an 11% discount to the last closing price.
At 0940 BST, the shares were down 10% at 344.60p.