Bridgepoint slumps as shareholders place 14.7m shares
Bridgepoint Group (Reg S)
343.00p
13:20 20/09/24
-10.49%
-40.20p
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
16,115.06
13:19 20/09/24
0.04%
6.42
FTSE 250
20,917.42
13:20 20/09/24
n/a
n/a
FTSE 350
4,557.99
13:20 20/09/24
n/a
n/a
FTSE All-Share
4,514.68
13:20 20/09/24
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.