18th Mar 2014 08:56
LONDON (Alliance News) - Simon Nixon, founder and non-executive deputy chairman of MoneySupermarket.com Group PLC, sold 15.0 million more shares than originally planned in an overnight placing, bookrunners Citigroup Global Markets Ltd and Credit Suisse Securities (Europe) Ltd said Tuesday.
Nixon had originally intended to sell 55.0 million shares but increased that figure to 70.0 million due to strong investor demand.
The 12.9% stake in the price-comparison website was sold for GBP129.5 million or 185 pence a share. MoneySupermarket.com shares were Tuesday quoted at 186.51 pence, down 4.8%.
Under the terms of the placing, Nixon won't be able to sell shares in the price comparison site company for 180 days.
Nixon has a remaining 16.6% stake in the company.
By Samuel Agini; [email protected]; @samuelagini
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