Institutional shareholder sells £90m worth of Qinetiq shares in placing
An undisclosed institutional shareholder has sold around £90m worth of Qinetiq shares in a placing.
Aerospace and Defence
10,849.11
16:59 26/04/24
2.38%
251.76
FTSE 250
19,824.16
16:59 26/04/24
n/a
n/a
FTSE 350
4,470.09
16:59 26/04/24
n/a
n/a
FTSE All-Share
4,423.59
17:14 26/04/24
n/a
n/a
QinetiQ Group
342.60p
16:39 26/04/24
0.41%
1.40p
According to terms seen by Bloomberg, the shares have been sold at 352p each, which is a discount of around 5.9% to the closing share price on Thursday.
At 0815 BST, the shares were down 2.3% at 365.60p.