LONDON (ShareCast) - Dermot Jenkinson, who has served on the board of John Menzies for many years, has disposed of yet another stake in the company.

Jenkinson, a Non-Executive Director who used to be an executive at call centre operator BeCogent, sold 108,750 shares via Roy Nominees, a trust which Jenkinson's wife, Miranda, has interests in, at 803.1p each.

The director, who was once awarded the title of Scottish entrepreneur of the year, now has a beneficial interest of just under 1.89m shares.

He has sold a number of shares in recent times, including a reported £1.6m-worth on Friday and a further £1.63m earlier the same week.

The sale comes as Jenkinson joins forces with two other former executives from BeCogent to re-open an ex-Lloyds Banking Group site in Motherwell after receiving a £1.8m grant from Scottish Enterprise.

The move is expected to create over 1,000 jobs.


Top Director Buys

Manchester & London Investment Trust (MNL)
Director name: Mr Mark Sheppard
Amount purchased: 94,842 @ 295.20p
Value: £279,974

Development Securities (DSC)
Director name: Mr Marcus Shepherd
Amount purchased: 28,347 @ 229.30p
Value: £65,000


Top Director Sells

Menzies(John) (MNZS)
Director name: Mr D J Jenkinson
Amount sold: 108,750 @ 803.10p
Value: £873,371

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