Bridgepoint slumps as shareholders place 14.7m shares
Bridgepoint Group (Reg S)
361.40p
16:25 15/01/25
6.17%
21.00p
Bridgepoint slid on Friday after a group of 103 current and former employees and some related entities sold 14.7m shares in a placing.
Financial Services
18,020.68
16:25 15/01/25
0.43%
77.35
FTSE 250
20,306.64
16:25 15/01/25
n/a
n/a
FTSE 350
4,563.98
16:25 15/01/25
n/a
n/a
FTSE All-Share
4,518.60
16:25 15/01/25
n/a
n/a
According to terms seen by Bloomberg, the shares were priced via JPMorgan and Morgan Stanley at 340p each. This is an 11% discount to the last closing price.
At 0940 BST, the shares were down 10% at 344.60p.