At 1.15pm, shares in intu Properties were suspended from trading on the London Stock Exchange ahead of the company’s confirmation that it had appointed KPMG as administrator.
The company’s stock has seen wild swings over the past couple of years. Here’s the recent journey in numbers.
97.7%
The drop in intu’s share price during the past 12 months, from a closing price of 77.64p on 25 June 2019.
£872.1m
The revaluation deficit revealed in intu’s interim results in July 2019, a set of accounts that sent its shares down by almost a third to 47.85p, a level they rarely rose above since.
£1.5bn
The amount intu had hoped to secure in an equity raise earlier this year to help fix its debt-burdened balance sheet
40.9%
The amount company shares fell by on 3 March 2020, the day it announced that the equity raising plans had failed
9.89p
The share price’s lockdown high on 3 June, as it joined other retail-focused REITs in a market lift as shop reopenings neared
1.75p
The company’s share price when trading was suspended today ahead of its administration confirmation.
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