3rd Sep 2019 18:31
(Alliance News) - Non-Standard Finance PLC on Tuesday said Woodford Investment Management Ltd cut its stake in the subprime lender to below 5% from 24% in a deal on Friday last week.
Woodford Investment Management has cut its stake in a number of London-listed stocks in recent months after Neil Woodford opted to suspend withdrawals in his equity fund.
Disposals have included polymers firm Itaconix PLC and online estate agent Purplebricks Group PLC, as well as another subprime lender - Provident Financial PLC.
Alchemy Special Opportunities Guernsey Ltd, meanwhile, now holds a 19% stake in Non-Standard Finance after a transaction on Friday last week, having held no stake in the company prior to this.
Shares in Non-Standard Finance closed down 1.4% at 38.00 pence in London on Tuesday.
Related Shares:
NSF.L