DS Smith falls as Merpas sells shares in placing
DS Smith Plc
398.10p
16:23 26/02/21
-2.19%
-8.90p
DS Smith fell on Friday after Merpas sold shares in the packaging company in an accelerated bookbuild.
Cboe Brexit Low 50
12,095.23
16:27 26/02/21
-2.87%
-356.80
Cboe Europe All Companies
40.14
16:36 26/02/21
-1.88%
-0.77
Cboe Europe Non-Energy Materials Sector
14,314.20
16:36 26/02/21
-2.26%
-330.88
Cboe UK 100
644.59
16:22 26/02/21
-2.76%
-18.31
Cboe UK 100 NTR
617.25
16:22 26/02/21
-2.76%
-17.54
Cboe UK 350
11,823.97
16:22 26/02/21
-2.54%
-307.95
Cboe UK 350 NTR
16,949.23
16:21 26/02/21
-2.54%
-441.44
Cboe UK All Companies
11,731.63
16:24 26/02/21
-2.53%
-303.98
Cboe UK All Companies NTR
17,305.62
16:25 26/02/21
-2.53%
-448.40
Cboe UK Non-Energy Materials Sector
10,540.93
16:27 26/02/21
-3.60%
-394.19
Cboe UK Non-Energy Materials Sector NTR
14,885.93
16:24 26/02/21
-3.60%
-556.68
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.