Legal & General Holds 5.9% Mothercare Stake After Transaction (ALLISS)
LONDON (Alliance News) - Mothercare PLC said Tuesday FTSE 100-listed insurer and asset manager Legal & General Group PLC held a 5.9% stake in the parent and child products retailer in a transaction last Thursday.
Legal & General held a 5.9% stake in the 170.9 million Mothercare share outstanding, equivalent to a 10.1 million shares. Prior to the transaction, Legal & General's holding was below the 5% notifiable threshold, although details were not disclosed.
Shares in Mothercare closed 3.4% lower at 36.00 pence on Tuesday.
By Ahren Lester; [email protected]
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