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... For the full story register now for free or login below...