DS Smith falls as Merpas sells shares in placing
DS Smith Plc
563.00p
16:30 13/11/24
0.45%
2.50p
DS Smith fell on Friday after Merpas sold shares in the packaging company in an accelerated bookbuild.
Cboe Brexit Low 50
15,403.46
16:29 13/11/24
0.29%
45.10
Cboe Europe All Companies
51.01
11:45 01/12/20
-0.13%
-0.07
Cboe Europe Non-Energy Materials Sector
16,857.83
11:45 01/12/20
-0.21%
-35.52
Cboe UK 100
807.56
16:30 13/11/24
0.21%
1.66
Cboe UK 100 NTR
890.88
16:29 13/11/24
0.21%
1.83
Cboe UK 350
14,268.20
16:29 13/11/24
0.14%
20.52
Cboe UK 350 NTR
23,456.68
16:29 13/11/24
0.14%
33.74
Cboe UK All Companies
14,152.48
16:30 13/11/24
0.14%
20.13
Cboe UK All Companies NTR
23,939.79
16:29 13/11/24
0.14%
34.05
Cboe UK Non-Energy Materials Sector
10,538.38
16:29 13/11/24
0.09%
9.96
Cboe UK Non-Energy Materials Sector NTR
18,171.98
16:29 13/11/24
0.09%
17.18
According to traders, a total of 26.1m shares were sold, or 2% of the company’s issued capital, with 21m sold by Merpas and the rest placed by UBS as a hedge. The shares were understood to have been placed at 390p each.
UBS acted as sole bookrunner.
At 0915 GMT, DS Smith shares were down 3.3% at 392.10p.