Dr Martens tumbles as investor sells 70m shares in placing
Dr. Martens
54.15p
11:30 20/09/24
-15.52%
-9.95p
Dr Martens tumbled on Friday after an unnamed investor sold around 70m shares in the iconic boot maker in a placing.
FTSE 250
20,954.87
11:30 20/09/24
n/a
n/a
FTSE 350
4,574.10
11:30 20/09/24
n/a
n/a
FTSE All-Share
4,530.44
11:30 20/09/24
n/a
n/a
Personal Goods
10,144.01
11:29 20/09/24
-5.31%
-569.25
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.)