Bridgepoint slumps as shareholders place 14.7m shares
Bridgepoint Group (Reg S)
343.20p
13:25 20/09/24
-10.44%
-40.00p
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
16,122.11
13:24 20/09/24
0.08%
13.47
FTSE 250
20,914.53
13:25 20/09/24
n/a
n/a
FTSE 350
4,559.21
13:25 20/09/24
n/a
n/a
FTSE All-Share
4,515.87
13:25 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.