Dr Martens tumbles as investor sells 70m shares in placing
Dr. Martens
70.50p
16:34 21/01/25
2.92%
2.00p
Dr Martens tumbled on Friday after an unnamed investor sold around 70m shares in the iconic boot maker in a placing.
FTSE 250
20,595.73
17:09 21/01/25
n/a
n/a
FTSE 350
4,689.88
17:10 21/01/25
n/a
n/a
FTSE All-Share
4,641.76
17:15 21/01/25
n/a
n/a
Personal Goods
15,762.89
17:10 21/01/25
3.43%
523.30
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.)