DS Smith falls as Merpas sells shares in placing
DS Smith Plc
348.80p
14:14 19/04/24
-12.45%
-49.60p
DS Smith fell on Friday after Merpas sold shares in the packaging company in an accelerated bookbuild.
Cboe Brexit Low 50
15,291.32
14:15 19/04/24
-0.55%
-83.81
Cboe Europe All Companies
50.66
11:45 01/12/20
-0.32%
-0.16
Cboe Europe Non-Energy Materials Sector
16,718.95
11:45 01/12/20
-0.35%
-59.27
Cboe UK 100
782.48
14:15 19/04/24
-0.57%
-4.45
Cboe UK 100 NTR
846.12
14:15 19/04/24
-0.57%
-4.81
Cboe UK 350
13,782.12
14:15 19/04/24
-0.57%
-78.61
Cboe UK 350 NTR
22,209.04
14:15 19/04/24
-0.57%
-126.67
Cboe UK All Companies
13,669.38
14:15 19/04/24
-0.57%
-77.85
Cboe UK All Companies NTR
22,664.89
14:15 19/04/24
-0.57%
-129.07
Cboe UK Non-Energy Materials Sector
10,349.47
14:15 19/04/24
-0.71%
-74.40
Cboe UK Non-Energy Materials Sector NTR
17,535.06
14:15 19/04/24
-0.71%
-126.06
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.