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LONDON (Alliance News) - Moneysupermarket.com Group PLC confirmed on Tuesday that founder Simon Nixon is set to sell a 6.4% stake in the company, raising around GBP100 million.
Nixon, who is currently the Deputy Chairman of the FTSE 250-listed price comparison site, will sell 35 million shares in the company, according to an announcement made by Citigroup Global Markets Ltd on Tuesday which was later confirmed by Moneysupermarket.
Moneysupermarket shares closed at 286.00 pence on Tuesday, meaning Nixon would raise GBP100.1 million via the placing at that price.
The placing will be carried out via an accelerated bookbuild, with Citigroup acting as sole bookrunner.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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