Admiral slumps as Munich Re sells 12.1m shares
Admiral Group
2,225.00p
17:20 05/07/22
-0.13%
-3.00p
Admiral slumped on Wednesday after Munich Re sold 12.1m shares in the insurer in a placing.
FTSE 100
7,025.47
17:30 05/07/22
n/a
n/a
FTSE 350
3,895.69
17:21 05/07/22
n/a
n/a
FTSE All-Share
3,863.91
17:30 05/07/22
n/a
n/a
Insurance (non-life)
2,998.04
17:21 05/07/22
-1.94%
-59.32
According to traders, the shares were placed at 2,940p each and UBS was the bookrunner.
At 0820 BST, the shares were down 5% at 2,895p.