Admiral slumps after secondary sale

27th Sep 2022 08:54

(Sharecast News) - Admiral shares slumped on Tuesday after Bloomberg reported an offering of 1.61m shares in the insurance company.

The offering was priced at 2,011p, according to terms of the deal obtained by Bloomberg, to raise £32m.

Barclays is the sole global coordinator for the deal.

At 0910 BST, Admiral shares were down 5.2% at 1,924.50p.

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