DS Smith falls as Merpas sells shares in placing
DS Smith Plc
338.90p
16:30 18/03/24
-0.63%
-2.15p
DS Smith fell on Friday after Merpas sold shares in the packaging company in an accelerated bookbuild.
Cboe Brexit Low 50
15,023.32
17:14 18/03/24
-0.01%
-1.55
Cboe Europe All Companies
51.27
11:45 01/12/20
-0.24%
-0.12
Cboe Europe Non-Energy Materials Sector
16,596.04
11:45 01/12/20
-0.30%
-49.40
Cboe UK 100
773.55
17:14 18/03/24
-0.05%
-0.35
Cboe UK 100 NTR
833.39
17:14 18/03/24
-0.05%
-0.38
Cboe UK 350
13,656.48
17:14 18/03/24
-0.04%
-5.21
Cboe UK 350 NTR
21,921.67
17:14 18/03/24
-0.04%
-8.36
Cboe UK All Companies
13,544.95
17:14 18/03/24
-0.04%
-5.12
Cboe UK All Companies NTR
22,371.97
17:14 18/03/24
-0.04%
-8.46
Cboe UK Non-Energy Materials Sector
9,776.71
17:14 18/03/24
0.10%
9.79
Cboe UK Non-Energy Materials Sector NTR
16,526.36
17:14 18/03/24
0.10%
16.55
According to traders, a total of 26.1m shares were sold, or 2% of the company’s issued capital, with 21m sold by Merpas and the rest placed by UBS as a hedge. The shares were understood to have been placed at 390p each.
UBS acted as sole bookrunner.
At 0915 GMT, DS Smith shares were down 3.3% at 392.10p.