By Michele Maatouk
Date: Wednesday 24 Apr 2024
LONDON (ShareCast) - (Sharecast News) - Mitie shares slumped on Wednesday after investment fund Alchemy sold 40m shares in the outsourcing and energy services company in a placing.
The shares were sold by way of any accelerated bookbuild to institutional investors at 112p each, raising gross proceeds of about £44.8m.
Following completion of the placing, Alchemy will hold just over 31m shares in Mitie, which is a stake of around 2.33%.
Peel Hunt acted as sole global co-ordinator and bookrunner in connection with the placing.
At 0850 BST, the shares were down 4.2% at 115p.
Email this article to a friend
or share it with one of these popular networks:
Price | 20,164.54 |
Change Today | 112.21 |
% Change | 0.56 % |
03-May-24 Close | 20,164.54 |
You are here: research