Darktrace tumbles as Vitruvian Partners sells 11m shares
Darktrace
582.00p
17:15 20/09/24
0.07%
0.40p
Darktrace tumbled on Wednesday after private equity firm Vitruvian Partners sold 11m shares in the cybersecurity group in a placing.
FTSE 100
8,229.99
17:14 20/09/24
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FTSE 350
4,543.89
16:49 20/09/24
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FTSE All-Share
4,501.08
17:04 20/09/24
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Software & Computer Services
2,475.08
16:49 20/09/24
-1.59%
-40.11
The shares were sold at 580p each, raising gross proceeds of around £63.8m.
Following completion of the placing, Vitruvian will hold just over 20.8m ordinary shares in aggregate, which is a stake of around 2.99%.
Berenberg and Morgan Stanley acted as joint global co-ordinators and joint bookrunners.
At 0805 GMT, the shares were down 7.7% at 584.00p.