Hargreaves Lansdown loses ground as co-founder sells shares
Hargreaves Lansdown
736.20p
16:40 25/04/24
-1.55%
-11.60p
Investment platform Hargreaves Lansdown was under the cosh on Wednesday after an offering of 6.7m shares by co-founder Stephen Lansdown was priced at 1,535p per share, which is a 5% discount to the closing share price on Tuesday.
Financial Services
13,969.36
17:09 25/04/24
0.80%
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FTSE 100
8,078.86
17:14 25/04/24
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FTSE 350
4,434.34
17:09 25/04/24
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FTSE All-Share
4,387.94
16:49 25/04/24
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According to terms seen by Bloomberg, the stake was offered by PHL Limited, an entity controlled by Stephen Lansdown.
Barclays is the sole global coordinator in the placing.
At 0920 GMT, the shares were down 3.8% at 1,553.50p.