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
11,828.61
16:38 14/11/24
-2.32%
-281.12
FTSE 250
20,522.81
16:38 14/11/24
n/a
n/a
FTSE 350
4,459.02
16:38 14/11/24
n/a
n/a
FTSE All-Share
4,417.25
16:54 14/11/24
n/a
n/a
QinetiQ Group
423.20p
17:00 14/11/24
-9.18%
-42.80p
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.