AJ Bell slides as Invesco sells off 7.6% stake
AJ Bell was under the cosh on Friday after fund manager Invesco sold a 7.6% stake in the company.
AJ Bell
312.00p
12:44 26/04/24
0.81%
2.50p
Financial Services
13,979.62
12:50 26/04/24
0.07%
10.26
FTSE 250
19,812.81
12:50 26/04/24
n/a
n/a
FTSE 350
4,458.14
12:50 26/04/24
n/a
n/a
FTSE All-Share
4,411.62
12:50 26/04/24
n/a
n/a
Invesco sold off 31m shares at 400p each, raising gross proceeds of about £123.9m.
Following completion of the placing, Invesco will hold 1.30m ordinary shares in AJ Bell, representing approximately 0.3% of the company's issued share capital.
Numis acted as sole bookrunner in connection with the placing.
At 0810 BST, AJ Bell shares were down 12% at 393.98p.