Dr Martens tumbles as IngreGrsy sells 70m shares in placing
Dr. Martens
54.10p
10:15 20/09/24
-15.60%
-10.00p
Dr Martens tumbled on Friday after the company’s biggest shareholder, IngreGrsy, sold around 70m shares in the iconic boot maker in a placing.
FTSE 250
20,972.88
10:15 20/09/24
n/a
n/a
FTSE 350
4,569.08
10:15 20/09/24
n/a
n/a
FTSE All-Share
4,525.61
10:15 20/09/24
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Personal Goods
10,145.30
10:15 20/09/24
-5.30%
-567.96
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 0815 BST, Dr Martens shares were down 14% at 54.85p.