Mooonpig slides after £80m share placing
Moonpig Group
245.00p
17:22 28/06/22
1.16%
2.80p
Moonpig tumbled on Friday after various shareholders sold around £80m worth of shares in the online greeting cards and gift retailer in a placing.
FTSE 250
19,351.27
17:22 28/06/22
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FTSE 350
4,069.18
17:22 28/06/22
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FTSE All-Share
4,035.24
17:22 28/06/22
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General Retailers
3,008.56
17:22 28/06/22
0.26%
7.89
According to terms seen by Bloomberg, the selling shareholders were Exponent Private Equity LLP, LCP VIII Holdings, Strategic Partners VII Investments, LGT Capital Partners, GoldPoint Partners, K Athena Investments No 40 Limited Company, Storebrand International Private Equity and Aberdeen Standard Investments.
The shares were placed 250p each, which is a discount of around 8.2% to the closing share price on Thursday.
According to Bloomberg, Citi, JPMorgan and Peel Hunt were bookrunners.
At 0810 BST, the shares were down 8.2% at 250p.