5th Aug 2021 15:53
(Alliance News) - A group of Moonpig Group PLC shareholders have completed the sale of 19.4 million shares in the company to other institutional investors via a placing, JPMorgan Securities PLC said on Thursday.
The block of shares sold represents a 5.7% stake in the FTSE 250 personalised gifts and greeting cards retailer. Sellers include Exponent Private Equity LLP, LCP VIII Holdings, Strategic Partners, Abrdn PLC, and LGT Capital Partners. They were Moonpig's top five shareholders before the initial public offering in February, according to the IPO prospectus.
The other sellers are GoldPoint Partners and K Athena Investments No 40 Ltd. Citi and JPMorgan are joint bookrunners for the placing.
Moonpig shares were up 3.0% to 379.90 pence in London on Thursday, making the block worth around GBP73.7 million.
Citigroup Global Markets and JPMorgan Securities both acted as joint global coordinators and bookrunners for the placing.
Moonpig will not receive any proceeds from the placing.
By Dayo Laniyan; [email protected]
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