Me Group International (MEGP)

Up
Share Price:
118.80p
Market Cap:
£445.08m
Change Today:
0.40p
Sector:
Leisure Products

Montefiore sells bigger-than-planned stake in Me Group

By Josh White

Date: Friday 28 Feb 2025

LONDON (ShareCast) - (Sharecast News) - Montefiore Investment has sold 26.5 million shares in Me Group International, it was confirmed on Friday, representing 7% of the company's issued share capital, through an accelerated bookbuild.
The shares were placed at 200p each, with Berenberg acting as the sole bookrunner.

According to regulatory announcements, the transaction, announced on 27 February, initially targeted a sale of around 5% of Me Group's share capital, but resulted in a larger divestment.

Following completion, Montefiore would retain a 5% stake, equating to 18.9 million shares.

The firm agreed to a 45-day lock-up period, subject to certain exceptions and Berenberg's consent.

Me Group was not involved in the placing and would not receive any proceeds.

Settlement was expected on 4 March.

At 0950 GMT, shares in Me Group International were down 9.37% at 199.39p.

Reporting by Josh White for Sharecast.com.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MEGP Market Data

Currency UK Pounds
Price 118.80p
Change Today 0.40p
52 Week High 121.80p
52 Week Low 117.00p
Volume 703,970
Shares Issued 374.64m
Market Cap £445.08m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
PEG
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector