Simon Nixon in line for another moneysupermarket pay day
SIMON Nixon, the founder of price comparison website moneysupermarket.com, is in line for a second £100m plus pay day within a year.
He is offering another 10% stake in the Deeside-based business through brokers Citigroup Global Markets and Credit Suisse Securities. With moneysupermarket worth just over £1.06bn, Mr Nixon will receive around £100m.
Last year he netted £170m as he reduced his shareholding from nearly 48% to 33%. The latest clutch of shares are being offered only to institutional investors and will be sold with the right to receive the final dividend of 5.12p per share, which will be paid on May 2.
Following completion of the placing, Mr Nixon will be subject to a lock-up of 180 days in respect of his remaining shareholding.
Mr Nixon co-founded the website in 1993 and then floated it in 2007. Since stepping down from the business he set up Chester-based luxury travel business SimonEscapes.
