Moonpig tumbles after discounted share placing
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Moonpig Group
216.50p
16:34 26/07/24
3.10%
6.50p
Moonpig tumbled on Thursday after a number of shareholders placed around 25m shares in the company at 160p each, which is a discount of just under 10% to the closing price a day earlier.
FTSE 250
21,356.30
16:44 26/07/24
n/a
n/a
FTSE 350
4,586.28
16:45 26/07/24
n/a
n/a
FTSE All-Share
4,544.36
16:29 26/07/24
n/a
n/a
General Retailers
4,141.82
16:45 26/07/24
2.39%
96.49
According to Bloomberg, the placing represented about 7.3% of Moonpig’s issued share capital.
Shares were placed by Exponent Private Equity LLP, LCP VIII Holdings, Strategic Partners VII Investments, LGT Capital Partners, GoldPointPartners, K Athena Investments No 40 Limited, Storebrand International Private Equity and Aberdeen Standard Investments prices.
The placing was conducted by Citi and Jefferies.
At 0950 BST, the shares were down 9.8% at 160.21p.