Bridgepoint slumps as shareholders place 14.7m shares
Bridgepoint Group (Reg S)
344.20p
13:14 20/09/24
-10.18%
-39.00p
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
16,115.53
13:14 20/09/24
0.04%
6.89
FTSE 250
20,920.16
13:15 20/09/24
n/a
n/a
FTSE 350
4,560.50
13:15 20/09/24
n/a
n/a
FTSE All-Share
4,517.12
13:15 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.