Institutional shareholder sells £90m worth of Qinetiq shares in placing
Updated : 08:16
An undisclosed institutional shareholder has sold around £90m worth of Qinetiq shares in a placing.
According to terms seen by Bloomberg, the shares have been sold at 352p each, which is a discount of around 5.9% to the closing share price on Thursday.
At 0815 BST, the shares were down 2.3% at 365.60p.