Moonpig slumps as investors offload 35m shares in placing
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Moonpig Group
201.00p
16:35 06/09/24
-0.99%
-2.00p
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
20,494.00
16:44 06/09/24
n/a
n/a
FTSE 350
4,510.61
16:44 06/09/24
n/a
n/a
FTSE All-Share
4,467.47
17:09 06/09/24
n/a
n/a
General Retailers
4,290.93
16:44 06/09/24
0.70%
29.82
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.