A NON-EXECUTIVE director of MJ Gleeson has sold shares worth £3.3m as the housebuilder’s shares continue on their year-long climb.
Christopher Mills, who has been on the board since 2009, sold 615,000 shares at an average price of £5.39. In June he also sold 1m shares, at £4.40.
MJ Gleeson’s shares began the year trading at 357p and since March have been steadily increasing in value. This has accelerated recently, with its shares increasing in value by 25% in the last three months.
Last Friday, the day of Mr Mills’ share sale, the company announced that its current year’s results would “exceed expectations” with more active sites and pipeline activity than last year.
The Sheffield-based business has been bolstered by the continued popularity of the Help to Buy scheme from the Government.
Its homes division has 44 active sites and a pipeline of 7,717 plots, while its strategic land division has a portfolio of eight sites that either have planning permission or a resolution to grant planning permission.
