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Dunelm Deputy Chair Will Adderley To Sell 15 Million Shares


Dunelm Deputy Chair Will Adderley To Sell 15 Million Shares
Mon, 15th Feb 2021 17:56
(Alliance News) - Dunelm Group PLC on Monday said Deputy Chair Will Adderley plans to sell 15 million shares in the home furnishings retailer via an accelerated bookbuild secondary placing.
The shares represent a 7.4% stake in Dunelm, and are currently held by WA Capital Ltd, a company controlled by Will and Nadine Adderley.
The company has been advised that this proposed sale is aimed at achieving greater portfolio diversification on the part of Will Adderley, Dunelm said.
Shares in Dunelm closed 5.6% higher at 1,408.00 pence in London on Monday, the stock up 16% since 2021 began. ....

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