Broker temporarily suspends trading in Everton shares Thursday, 24 December, 2020
Blankstone Sington, the designated broker of shares in Everton FC, have suspended trading in shares of the club following the news of an impending debt-for-equity deal that would see Farhad Moshiri increase his stake.
The firm announced that they are seeking clarification from Everton, with the assistance of the Shareholders Association, on the exact details of the club s proposal to create and issue new shares.
“The last traded price we matched buyer and seller at is £3,500 per share, said Neil Blankstone, Director of Blankstone Sington. With indications that the debt for equity may be priced at similar levels, we do not anticipate any material change.