Bridgepoint slumps as shareholders place 14.7m shares
Bridgepoint Group (Reg S)
340.60p
12:39 20/09/24
-11.12%
-42.60p
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
16,113.82
12:39 20/09/24
0.03%
5.18
FTSE 250
20,915.33
12:40 20/09/24
n/a
n/a
FTSE 350
4,564.20
12:40 20/09/24
n/a
n/a
FTSE All-Share
4,520.70
12:40 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.