LONDON (Alliance News) - SuperGroup PLC said Founder and Product & Brand Director Julian Dunkerton sold 4.0 million shares in the company at 1,200 pence each via an accelerated bookbuild on Thursday.
Shares in the clothing retailer were trading down 8.4% at 1,218.00 pence on Friday morning following the announcement, the worst performer in the FTSE 250.
Following the sale, Dunkerton now holds 22.1 million shares in the company, equivalent to a 27% stake in the company.
The shares were sold to institutional investors in a placing managed by Investec Bank PLC and Canaccord Genuity Ltd, acting as joint bookrunners.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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