AJ Bell directors raise ?25.7m after selling 1.6% stake

By Michele Maatouk

Date: Wednesday 11 Dec 2019

(Sharecast News) - AJ Bell was in the red on Wednesday after directors at the investment platform sold just over 6.2 million shares in the company.
The shares were sold in a placing to institutional investors at 400p each, raising gross proceeds of around £25.7m.

The 1.6% stake was sold by chief financial officer Michael Summersgill, chairman Leslie Platts and group finance director Roger Stott, among others.

At 0930 GMT, the shares were down 2.9% at 393.32p.

« Go back to news channel

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE