Bridgepoint slumps as shareholders place 14.7m shares
Bridgepoint Group (Reg S)
360.60p
17:15 21/01/25
-0.66%
-2.40p
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
18,295.10
17:10 21/01/25
0.89%
161.00
FTSE 250
20,595.73
17:09 21/01/25
n/a
n/a
FTSE 350
4,689.88
17:10 21/01/25
n/a
n/a
FTSE All-Share
4,641.76
17:15 21/01/25
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.