News
SCi shares rocket following management exit
Tim Ingham Jan 18 2008, 10:47am
Stock price leaps 30 per cent after Cavanagh departure
Eidos parent SCi’s share price jumped by almost 30 per cent this morning, after the company announced its management team had stepped down.
At the time of posting, shares in the company had climbed to 62 pence – up 14 pence, or 29.17 per cent. The price has steadily climbed since markets opened today.
According to Bloomberg, SCi’s stock has tumbled 89 percent in the last 12 months.
Its price fell by over 50 per cent last Friday, following SCi’s announcement that it had ended talks with potential buyers – the lowest level in the company’s 18-year history.
SCi announced first thing this morning that its current management team of CEO Jane Cavanagh, managing director of publishing Bill Ennis and managing director of studios Rob Murphy had all left the company.
