Woodford Investment Management Dramatically Reduces Purplebricks Stake (ALLISS)

LONDON (Alliance News) - Online estate agents Purplebricks Group PLC said Wednesday Woodford ...

Alliance News 13 September, 2017 | 5:38PM
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LONDON (Alliance News) - Online estate agents Purplebricks Group PLC said Wednesday Woodford Investment Management Ltd has sold 65.3 million shares in the company, bringing its stake down to 2.99% from 27.06%.

Woodford had previously owned 73.4 million shares and, having reduced its holding, now owns 8.1 million shares.

Shares in Purplebricks were down 6% at the close on Wednesday at 388.00 pence.

By George Collard; georgecollard@alliancenews.com

Copyright 2017 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
Purplebricks Group PLC 380.00 GBX -5.00 -
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