LONDON, March 24 (Reuters) - The founder of financialservices price comparison firm Moneysupermarket.com intends to sell up to 6.4 percent of the company's issued sharecapital, reducing his stake to about 10 percent.
The sale of around 35 million shares in a placing could earnSimon Nixon, who founded the company in 1993, about 100 millionpounds ($148.74 million), based on Moneysupermarket's closingshare price of 286 pence on Tuesday.
Citigroup said it would carry out the sale via anaccelerated bookbuild. Following completion of the placing,Nixon will be subject to a lock-up of 180 days in respect of hisremaining shareholding in the company.
Last year, Nixon cashed in to the tune of 130 millionpounds, after selling 70 million shares at 185 pence. (Reporting by Sarah Young; Editing by Janet Lawrence)
Moneysupermarket.Com (MONY)