Moonpig tumbles after discounted share placing
Moonpig Group
221.00p
17:15 20/12/24
1.38%
3.00p
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
20,450.69
17:14 20/12/24
n/a
n/a
FTSE 350
4,463.29
17:14 20/12/24
n/a
n/a
FTSE All-Share
4,421.11
17:04 20/12/24
n/a
n/a
General Retailers
4,645.29
17:14 20/12/24
0.11%
5.26
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.