Michele Maatouk Sharecast News
20 Sep, 2024 08:13 20 Sep, 2024 11:31

Dr Martens tumbles as investor sells 70m shares in placing

dl dr martens shoes apparel boots footwear pixabay ftse 250 min
Dr MartensSharecast / Pixabay

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.)

contador