Bridgepoint slumps as shareholders place 14.7m shares
Bridgepoint Group (Reg S)
340.00p
11:34 20/09/24
-11.27%
-43.20p
Bridgepoint slid on Friday after a group of 103 current and former employees and some related entities sold 14.7m shares in a placing.
Financial Services
16,186.34
11:34 20/09/24
0.48%
77.70
FTSE 250
20,961.48
11:35 20/09/24
n/a
n/a
FTSE 350
4,577.24
11:35 20/09/24
n/a
n/a
FTSE All-Share
4,533.49
11:35 20/09/24
n/a
n/a
According to terms seen by Bloomberg, the shares were priced via JPMorgan and Morgan Stanley at 340p each. This is an 11% discount to the last closing price.
At 0940 BST, the shares were down 10% at 344.60p.