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Legal & General Holds 5.9% Mothercare Stake After Transaction (ALLISS)

LONDON (Alliance News) - Mothercare PLC said Tuesday FTSE 100-listed insurer and asset manager ...

Alliance News 13 February, 2018 | 5:59PM
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LONDON (Alliance News) - Mothercare PLC said Tuesday FTSE 100-listed insurer and asset manager Legal & General Group PLC held a 5.9% stake in the parent and child products retailer in a transaction last Thursday.

Legal & General held a 5.9% stake in the 170.9 million Mothercare share outstanding, equivalent to a 10.1 million shares. Prior to the transaction, Legal & General's holding was below the 5% notifiable threshold, although details were not disclosed.

Shares in Mothercare closed 3.4% lower at 36.00 pence on Tuesday.

By Ahren Lester; ahrenlester@alliancenews.com.

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Legal & General Group PLC 259.30 GBX -0.35 -
Mothercare PLC 34.50 GBX -1.15 -
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