Eckert & Ziegler drops on report of share placement

Eckert & Ziegler SE

06/12/2022 11:45

(Adds comments from company, trader; updates share move)
    ** Shares in Eckert & Ziegler  EUZG.DE  dive as much as 14%
to EUR 47.54
    ** A trader points to a share placement at a price of EUR 47
per share 
    ** Another trader had earlier highlighted a report saying
the company might be carrying out a capital increase
 urn:newsml:reuters.com:*:nL8N32W1LL
    ** A company spokesperson told Reuters Eckert & Ziegler has
no information about a share placement by either JP Morgan or
Invesco
    ** "There is no capital increase ongoing or planned at
Eckert & Ziegler," the spokesperson added
    ** JP Morgan holds a 2.87% stake in the company, while
Invesco holds 5.07% of shares
    ** The stock narrowed some losses after the company's
response and was down 9.3% by 1132 GMT
    ** If losses hold, the stock will see its worst day in 5
months
    ** Up to Monday's close of EUR 55.30, the stock had gained
nearly 88% from its intraday low on July 5
 (Reporting by Linda Pasquini)
 ((Linda.pasquini@thomsonreuters.com))