Dr Martens tumbles as investor sells 70m shares in placing
Dr. Martens
69.60p
09:09 20/01/25
-0.78%
-0.55p
Dr Martens tumbled on Friday after an unnamed investor sold around 70m shares in the iconic boot maker in a placing.
FTSE 250
20,525.62
09:20 20/01/25
n/a
n/a
FTSE 350
4,678.67
09:20 20/01/25
n/a
n/a
FTSE All-Share
4,630.95
09:20 20/01/25
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Personal Goods
15,508.21
09:14 20/01/25
0.14%
22.24
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.)