24th Sep 2024 12:30
Dunelm Group PLC - Leicester-based home furnishings retailer - Deputy Chair Will Adderley, together with Nadine Adderley, sells 10 million shares in a placing run by Barclays Bank PLC, Goldman Sachs International and UBS AG. The shares are sold at 1,140 pence each, raising GBP114.0 million. Following the sale of the 4.9% stake, the Adderley family continue to hold 37.6% of Dunelm. Will Adderley previously was chief executive, taking over in 1996 from his father, Bill Adderley, who founded Dunelm in 1979 and remains life president. "Sir Will Adderley remains fully committed to Dunelm in his role as deputy chairman as well as remaining a very substantial shareholder in the company," Dunelm says on Tuesday.
Current stock price: 1,170.39 pence, down 5.2% on Tuesday in London
12-month change: up 12%
By Tom Waite, Alliance News editor
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