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Bill Gates doubles his JJB stake

6th November 2009

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BILL Gates has doubled his stake in the Wigan sportswear retailer JJB Sports.

The Microsoft billionaire's charitable foundation took advantage of the group's recent £100m placing and share offer by buying an extra 30.1 million shares.

The trade gives the foundation 6.4% of the enlarged share capital, up from 3.14%.

Statements issued by the company also show that four directors have each been gifted options over 5.9 million shares as part of the fundraising.

Finance director Lawrence Coppock, execu......for the full story register now for free or login below...


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