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Pin to quick picksMoneysupermarket.Com Share News (MONY)

Share Price Information for Moneysupermarket.Com (MONY)

London Stock Exchange
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Share Price: 225.00
Bid: 223.60
Ask: 224.40
Change: 2.00 (0.90%)
Spread: 0.80 (0.358%)
Open: 222.40
High: 225.80
Low: 221.20
Prev. Close: 223.00
MONY Live PriceLast checked at -

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Moneysupermarket plunges as co-founder sells 20m shares

Tue, 19th May 2015 08:54

Shares in Moneysupermarket.com fell almost 6% early on Tuesday, as the co-founder of the financial service provider sold 20m shares, representing approximately 3.7% of the company's capital.Simon Nixon, who retained a 12.8% stake, made £56m by the sale just months after he shelved plans to raise approximately £100m from a share sale.In March, the co-founder of Moneysupermarket abandoned plans to sell 35m shares, representing approximately 6.4% of the company, which would have brought his stake down to 10% and, based on Moneysupermarket's closing price on 24 March 2015, would have given him £100.1m.The group confirmed Nixon will remain on the board as non-executive director.Moneysupermarket shares were down 7.44% to 280.00p at 09:20 on Tuesday.
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