Dunelm's biggest shareholder sells 4.9% stake in placing

(Sharecast News) - Barclays said on Tuesday that Dunelm's biggest shareholder, Will Adderley, and his private investment firm WA Capital, have sold a 4.9% stake in the homeware retailer in a placing to institutional investors.

WA Capital, which is controlled by Adderley and his wife, sold 10m shares at 1,140p each, with Barclays acting as sole global co-ordinator and joint bookrunner on the placing. Goldman Sachs International and UBS London Branch acted as joint bookrunners.

After the placing, Will Adderley and persons closely associated with him hold an interest of 37.6%.

"Sir Will Adderley remains fully committed to Dunelm in his role as deputy chairman as well as remaining a very substantial shareholder in the company," Barclays said.