Dr Martens tumbles as investor sells 70m shares in placing
Dr. Martens
52.90p
14:19 20/09/24
-17.47%
-11.20p
Dr Martens tumbled on Friday after an unnamed investor sold around 70m shares in the iconic boot maker in a placing.
FTSE 250
20,875.61
14:20 20/09/24
n/a
n/a
FTSE 350
4,551.68
14:20 20/09/24
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FTSE All-Share
4,508.47
14:20 20/09/24
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Personal Goods
10,110.26
14:19 20/09/24
-5.63%
-603.00
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.)