Directors cash in on companies’ rising share prices
Directors at West Midlands businesses Purplebricks and eg Solutions cashed in a sizable chunk of shares, for £4.8m and £480,000 respectively.
Nick Discombe, senior non-executive director of online estate agents Purplebricks, sold 1.6m shares at £3.00 each.
The £4.8m sale represented one-quarter of his holdings, and he now holds 1.78% of the company.
Purplebricks raised £50m in February, as it bids to crack America.
Its share price reached an all-time high of 368p last month - more than three times its value in Decembe... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
