Moonpig tumbles after discounted share placing
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Moonpig Group
201.00p
16:35 06/09/24
-0.99%
-2.00p
Moonpig tumbled on Thursday after a number of shareholders placed around 25m shares in the company at 160p each, which is a discount of just under 10% to the closing price a day earlier.
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 Bloomberg, the placing represented about 7.3% of Moonpig’s issued share capital.
Shares were placed by Exponent Private Equity LLP, LCP VIII Holdings, Strategic Partners VII Investments, LGT Capital Partners, GoldPointPartners, K Athena Investments No 40 Limited, Storebrand International Private Equity and Aberdeen Standard Investments prices.
The placing was conducted by Citi and Jefferies.
At 0950 BST, the shares were down 9.8% at 160.21p.