Dr Martens tumbles as investor sells 70m shares in placing
Dr. Martens
55.50p
12:15 10/10/24
0.00%
0.00p
Dr Martens tumbled on Friday after an unnamed investor sold around 70m shares in the iconic boot maker in a placing.
FTSE 250
20,717.11
12:20 10/10/24
n/a
n/a
FTSE 350
4,537.05
12:20 10/10/24
n/a
n/a
FTSE All-Share
4,494.63
12:20 10/10/24
n/a
n/a
Personal Goods
11,450.59
12:20 10/10/24
0.40%
45.35
According to Bloomberg, the shares were placed at 57.85p each, which is discount of around 9.8% to the last closing share price.
The shares were placed via Goldman Sachs.
At 1130 BST, Dr Martens shares were down 15.8% at 53.95p.
(This story corrects an earlier story which stated that Dr Martens' largest shareholder, IngreGrsy, had sold the shares.)