Bridgepoint slumps as shareholders place 14.7m shares
Bridgepoint Group (Reg S)
365.40p
09:09 20/01/25
1.95%
7.00p
Bridgepoint slid on Friday after a group of 103 current and former employees and some related entities sold 14.7m shares in a placing.
Financial Services
18,266.73
09:09 20/01/25
0.20%
36.30
FTSE 250
20,533.19
09:15 20/01/25
n/a
n/a
FTSE 350
4,679.85
09:15 20/01/25
n/a
n/a
FTSE All-Share
4,632.11
09:15 20/01/25
n/a
n/a
According to terms seen by Bloomberg, the shares were priced via JPMorgan and Morgan Stanley at 340p each. This is an 11% discount to the last closing price.
At 0940 BST, the shares were down 10% at 344.60p.