21st Oct 2015 16:39
LONDON (Alliance News) - City of London Investment Group PLC on Wednesday said that Carlos Yuste, business development director, has sold 300,000 shares in the company, ahead of his resignation at the end of 2015.
The group disclosed on August 21 that Yuste would be departing.
After selling the 300,000 shares on Tuesday at 325 pence each, Yuste is left with 27,425 shares in the company, equivalent to a 0.1% stake.
In a separate transaction on the same day, City of London Investment Group said it bought 95,000 of its own shares on the market at 325 pence each.
It plans to cancel those shares.
Shares in the group closed up 3.7% at 337.50 pence on Wednesday.
By Samuel Agini; [email protected]; @samuelagini
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