Citigroup Global Markets Limited said that Simon Nixon, the Founder of Moneysupermarket, intends to offer for sale approximately 35 million existing ordinary 0.02 pence shares of Moneysupermarket.com Group PLC (MONY.L), representing approximately 6.4% of the issued share capital of Moneysupermarket.
Following completion of the Placing, Simon Nixon will be subject to a lock-up of 180 days in respect of his remaining shareholding in the Company.
The shares will be sold with the right to receive the final dividend of 5.69p per share, which will be paid on 08 May 2015 (ex. date 26 March 2015).
The Placing will take place via an accelerated bookbuild. Citi has been appointed as sole bookrunner in respect of the Placing.
The books for the Placing will open with immediate effect. The timing of the closing of the books will be at the absolute discretion of Citi and Simon Nixon.
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