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Moonpig tumbles after discounted share placing
By Michele Maatouk
Date: Thursday 25 Apr 2024
(Sharecast News) - Moonpig tumbled on Thursday after a number of shareholders placed around 25m shares in the company at 160p each, which is a discount of just under 10% to the closing price a day earlier.
According to Bloomberg, the placing represented about 7.3% of Moonpig's issued share capital.
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