Countrywide shares drop on Zoopla stake sale

22nd Sep 2016 14:14

(ShareCast News) - Shares in Countrywide fell on Thursday after the FTSE 250 estate agency group said it has sold its remaining stake in property website Zoopla.It sold just over 9.2m shares at an average price of £3.17 between 9 August and 21 September, giving gross proceeds of £29.2m.Countrywide said proceeds from the disposal will be used to reduce corporate indebtedness and for other general corporate purposes.Zoopla shares have risen 57% over the past year.At 1420 BST, Countrywide shares were down 3.2% to 219.05p.

Top Risers

Share	Price	Change
Mediazest (MDZ)	0.10	66.67%
T42 Iot Track. (TRAC)	4.50	38.46%
Sareum (SAR)	36.50	25.86%
Shield Thera (STX)	1.90	24.59%
Scirocco Energy (SCIR)	0.30	20%

Top Fallers

Share	Price	Change
Active Energy (AEG)	0.225	-40%
Petrel Resources (PET)	2.05	-28.07%
Regtech Open (RTOP)	1.7975	-20.94%
Galantas Gold (GAL)	9.50	-19.15%
Huddled Group (HUD)	3.10	-14.29%

Top By Volume

Share	Price	Volume
Cap-xx (CPX)	0.0925	292,967,497
Lloyds (LLOY)	54.30	274,069,507
Supply@me Cap (SYME)	0.0289	204,770,119
Mediazest (MDZ)	0.10	138,276,686
BT (BT.A)	108.95	124,099,342

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