Kooth slides as Root Capital sells 3.7m shares in placing
Kooth
280.50p
12:24 08/10/24
-11.79%
-37.50p
Kooth tumbled on Tuesday after Root Capital sold just over 3.75 million shares in the company in a placing.
FTSE AIM All-Share
735.04
13:20 08/10/24
n/a
n/a
General Retailers
4,187.43
13:09 08/10/24
-0.54%
-22.80
Root Capital placed the shares - which represent about 10.3% of the issued share capital - at 280p each, versus a closing price of 318p on Monday.
Stifel Nicolaus Europe acted as sole bookrunner in connection with the placing.
At 1035 BST, Kooth shares were down 10.4% at 284.95p.