LONDON (Alliance News) - Moneysupermarket.com Group PLC founder Simon Nixon has completed the sale of his entire remaining stake in the company, according to a Credit Suisse announcement on Wednesday.
Credit Suisse Securities placed 37.8 million shares on behalf of Nixon at 328.00 pence per share, raising a total of GBP124.0 million. The shares sold represent around 6.9% of the company's issued share capital. Moneysupermarket shares closed at 343.6p on Tuesday. The intended sale was announced soon after the market close Tuesday and completed by early Wednesday.
Credit Suisse was the sole bookrunner on the placing.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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