DS Smith falls as Merpas sells shares in placing
DS Smith Plc
592.50p
16:30 25/11/24
-0.84%
-5.00p
DS Smith fell on Friday after Merpas sold shares in the packaging company in an accelerated bookbuild.
Cboe Brexit Low 50
15,907.30
17:14 25/11/24
0.20%
31.74
Cboe Europe All Companies
51.82
11:45 01/12/20
0.07%
0.04
Cboe Europe Non-Energy Materials Sector
17,194.22
11:45 01/12/20
0.26%
45.04
Cboe UK 100
833.92
17:14 25/11/24
0.31%
2.54
Cboe UK 100 NTR
921.75
17:14 25/11/24
0.31%
2.81
Cboe UK 350
14,722.92
17:14 25/11/24
0.36%
53.53
Cboe UK 350 NTR
24,248.90
17:14 25/11/24
0.36%
88.17
Cboe UK All Companies
14,602.66
17:14 25/11/24
0.37%
53.12
Cboe UK All Companies NTR
24,746.88
17:14 25/11/24
0.37%
90.02
Cboe UK Non-Energy Materials Sector
11,037.71
17:14 25/11/24
1.26%
137.54
Cboe UK Non-Energy Materials Sector NTR
19,050.13
17:14 25/11/24
1.26%
237.39
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.