Mooonpig slides after £80m share placing
Moonpig Group
179.60p
10:30 24/04/24
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
19,800.21
10:50 24/04/24
FTSE 350
4,442.88
10:50 24/04/24
FTSE All-Share
4,396.82
10:50 24/04/24
General Retailers
3,913.76
10:49 24/04/24
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.