Moonpig tumbles after discounted share placing
Moonpig Group
157.60p
16:40 03/05/24
1.68%
2.60p
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
20,164.54
17:00 03/05/24
n/a
n/a
FTSE 350
4,515.50
16:54 03/05/24
n/a
n/a
FTSE All-Share
4,469.09
17:14 03/05/24
n/a
n/a
General Retailers
3,936.57
16:54 03/05/24
1.04%
40.35
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.