Dr Martens tumbles as investor sells 70m shares in placing
Dr. Martens
54.35p
11:19 20/09/24
-15.21%
-9.75p
Dr Martens tumbled on Friday after an unnamed investor sold around 70m shares in the iconic boot maker in a placing.
FTSE 250
20,951.70
11:20 20/09/24
n/a
n/a
FTSE 350
4,569.50
11:20 20/09/24
n/a
n/a
FTSE All-Share
4,525.96
11:20 20/09/24
n/a
n/a
Personal Goods
10,153.91
11:19 20/09/24
-5.22%
-559.35
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.)