Dr Martens tumbles as investor sells 70m shares in placing
Dr. Martens
53.65p
11:34 20/09/24
-16.30%
-10.45p
Dr Martens tumbled on Friday after an unnamed investor sold around 70m shares in the iconic boot maker in a placing.
FTSE 250
20,961.48
11:35 20/09/24
n/a
n/a
FTSE 350
4,577.24
11:35 20/09/24
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FTSE All-Share
4,533.49
11:35 20/09/24
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Personal Goods
10,154.72
11:34 20/09/24
-5.21%
-558.54
According to Bloomberg, the shares were placed at 57.85p each, which is discount of around 9.8% to the last closing share price.
The shares were placed via Goldman Sachs.
At 1130 BST, Dr Martens shares were down 15.8% at 53.95p.
(This story corrects an earlier story which stated that Dr Martens' largest shareholder, IngreGrsy, had sold the shares.)