Moonpig investors to sell 19.4 million shares in block transaction

(Alliance News) - A group of Moonpig shareholders plan to sell part of their holdings to other ...

Alliance News 5 August, 2021 | 2:44PM
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(Alliance News) - A group of Moonpig shareholders plan to sell part of their holdings to other institutional investors in a placing, JPMorgan Securities PLC said on Thursday.

The group will sell 19.4 million shares in Moonpig to "a small group of institutional investors". The block of shares represents a 5.7% stake in the personalised gifts and greeting cards retailer.

Sellers include Exponent Private Equity LLP, LCP VIII Holdings, Strategic Partners, Abrdn PLC, and LGT Capital Partners. They were Moonpig's top five shareholders before the initial public offering in February, according to the IPO prospectus.

The other sellers are GoldPoint Partners and K Athena Investments No 40 Ltd. Citi and JPMorgan are joint bookrunners for the placing.

Moonpig shares were up 1.8% to 375.80 pence in London, making the block worth around GBP72.9 million.

The shares are up 7.4% since the IPO when they cost 350p each, although they have dropped from a peak of 488.40p in June.

By Ivan Edwards; ivanedwards@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Abrdn PLC 252.50 GBX 2.81 -
Moonpig Group PLC Ordinary Shares 374.00 GBX -1.37 -

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