20 Sep 2024 | 08:05
Dr Martens tumbles as IngreGrsy sells 70m shares in placing
(Sharecast News) - Dr Martens tumbled on Friday after the company's biggest shareholder, IngreGrsy, sold around 70m shares in the iconic boot maker in a placing.
According to Bloomberg, the shares were placed at 57.85p each, which is discount of around 9.8% to the last closing share price.
The shares were placed via Goldman Sachs.
At 0810 BST, Dr Martens shares were down 9.8% at 57.82p.