15th Mar 2016 17:27
LONDON (Alliance News) - Moneysupermarket.com Group PLC's founder Simon Nixon is looking to sell his remaining 6.9% stake in the price comparison site, bookrunner Credit Suisse said on Tuesday.
Nixon was left with a 6.9% stake in Moneysupermarket.com when he last sold shares in December. He holds 37.8 million shares in the company.
The placing will take place via an accelerated bookbuild, with investment bank Credit Suisse acting as the sole bookrunner on the placing.
Nixon had previously been subject to a lock-up in respect of his remaining shares in the company until Moneysupermarket.com released its preliminary results for the year ended December 31, which were published on March 1. This was after he sold 32.0 million shares, raising GBP98.0 million, in early December.
Nixon stepped down from the company's board at the end of 2015.
Moneysupermarket.com shares closed up 4.3% to 341.60 pence per share on Tuesday.
By Hannah Boland; [email protected]; @Hannaheboland
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