Kooth slides as Root Capital sells 3.7m shares in placing
Kooth
162.50p
16:55 20/12/24
-1.52%
-2.50p
Kooth tumbled on Tuesday after Root Capital sold just over 3.75 million shares in the company in a placing.
FTSE AIM All-Share
710.60
17:04 20/12/24
n/a
n/a
General Retailers
4,645.29
17:14 20/12/24
0.11%
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.