Institutional shareholder sells £90m worth of Qinetiq shares in placing
An undisclosed institutional shareholder has sold around £90m worth of Qinetiq shares in a placing.
Aerospace and Defence
11,647.32
12:14 24/12/24
0.37%
43.24
FTSE 250
20,557.89
12:15 24/12/24
n/a
n/a
FTSE 350
4,496.80
12:15 24/12/24
n/a
n/a
FTSE All-Share
4,454.36
12:15 24/12/24
n/a
n/a
QinetiQ Group
411.20p
12:10 24/12/24
1.03%
4.20p
According to terms seen by Bloomberg, the shares have been sold at 352p each, which is a discount of around 5.9% to the closing share price on Thursday.
At 0815 BST, the shares were down 2.3% at 365.60p.