Share Watch: Nixon shares his shares

MONEYSUPERMARKET founder Simon Nixon has transferred just under three million of his shares in the listed group to members of the management team.

The deal has been arranged, “in satisfaction of additional incentive arrangements”.

The beneficiaries are finance director Paul Doughty, Stuart Glendinning and marketing man Sean Thweny.

Following the transfer Mr Nixon still holds around 267 million shares, or 52% of the group.

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WARRINGTON property investment group In House has issued more shares to satisfy its creditors.

In a series of private placings the business intends to raise £443,000 over the next five months.

It has now received a second tranche on the placing worth £27,000. The funds will be used to settle outstanding creditors, provide additional working capital and finance upgrades to some of the group’s property stock.