Moonpig slumps as investors offload 35m shares in placing
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Moonpig Group
225.00p
14:49 20/02/25
-0.66%
-1.50p
Moonpig slumped on Thursday after a group of investors sold 35m shares in the company in a placing via Citi, JPMorgan and Jefferies, raising proceeds of approximately £61m.
FTSE 250
20,625.62
14:50 20/02/25
n/a
n/a
FTSE 350
4,752.88
14:50 20/02/25
n/a
n/a
FTSE All-Share
4,702.36
14:50 20/02/25
n/a
n/a
General Retailers
4,910.18
14:50 20/02/25
-0.21%
-10.53
According to terms seen by Bloomberg, Exponent Private Equity, Lexington Partners, Blackstone Group, LGT Capital Partners, GoldPoint, Kaust Investment Management Co, Storebrand International Private Equity & Patria Investments were all involved in the sale.
The sale represents around 10.2% of Moonpig’s issued share capital and the sale price of 175p is a discount of 13.4% to the closing share price on Wednesday.
At 0835 BST, the shares were down 6.2% at 189.00p.