RTTNews | Oct 6, 2021 10:08AM EDT

10:08 Wednesday, October 6, 2021 (RTTNews.com) - Manchester United plc (MANU) shares are sliding more than 12 percent on Wednesday morning trade after the company announced the offering of 9,500,000 of its Class A Ordinary Shares by the Kevin Glazer Irrevocable Exempt Family Trust and the Edward S. Glazer Irrevocable Exempt Trust.

Currently, shares are at $17.17, down 12.51 percent from the previous close of $19.62 on a volume of 188,804. For the 52-week period, the shares have traded in a range of $13.28-$20.86 on average volume of 429,552.

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