Admiral slumps after secondary sale
Admiral Group
2,803.00p
11:35 23/04/24
0.86%
24.00p
Admiral shares slumped on Tuesday after Bloomberg reported an offering of 1.61m shares in the insurance company.
FTSE 100
8,067.61
11:35 23/04/24
n/a
n/a
FTSE 350
4,432.93
11:35 23/04/24
n/a
n/a
FTSE All-Share
4,386.93
11:35 23/04/24
n/a
n/a
Insurance (non-life)
3,708.87
11:34 23/04/24
0.76%
27.86
The offering was priced at 2,011p, according to terms of the deal obtained by Bloomberg, to raise £32m.
Barclays is the sole global coordinator for the deal.
At 0910 BST, Admiral shares were down 5.2% at 1,924.50p.