Kooth slides as Root Capital sells 3.7m shares in placing
Kooth
284.00p
15:10 08/10/24
-10.69%
-34.00p
Kooth tumbled on Tuesday after Root Capital sold just over 3.75 million shares in the company in a placing.
FTSE AIM All-Share
735.34
15:30 08/10/24
n/a
n/a
General Retailers
4,204.97
15:29 08/10/24
-0.12%
-5.26
Root Capital placed the shares - which represent about 10.3% of the issued share capital - at 280p each, versus a closing price of 318p on Monday.
Stifel Nicolaus Europe acted as sole bookrunner in connection with the placing.
At 1035 BST, Kooth shares were down 10.4% at 284.95p.