LONDON (Alliance News) - Fashion retailer SuperGroup PLC said Thursday that Product and Brand Director Julian Dunkerton, one of the company's founders, is selling 4.0 million shares via an accelerated bookbuild with institutional investors.
The shares represent a stake of approximately 4.9% of the company.
SuperGroup said Dunkerton was selling the shares "due to personal circumstances". It said the books for the placing will open will immediate effect and will close no later than 4.30pm on Friday.
Following this transaction, Holder will hold 22.1 million shares, representing 27.2% of the issued share capital.
The placing is being managed by Investec Bank PLC and Canaccord Genuity Ltd, acting as joint bookrunners.
SuperGroup shares closed down 2.3% at 1,329.00 pence.
By Hannah Boland; hannahboland@alliancenews.com; @Hannaheboland
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