News Burst: Investors may exit early

A sharp fall in share price suggests an early exit for investors

Online booking agent faces the possibility of its early investors selling out of the company this week, when the lock-up extensions they agreed in September expire.

Venture capitalist firms such as Arts Alliance and Global Retail Partners have been locked into their investments for 180 days after Lastminute's flotation in March. Most of the early investors agreed to hold on to 90 percent of their holdings in September for a further three months in order to avoid uncontrolled selling. share prices have more than halved to 81.5p since the lock-up extensions were agreed.

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