2nd Oct 2013 09:22
LONDON (Alliance News) - Clinigen Group PLC Wednesday said Chief Executive Peter George sold 500,000 shares at 410 pence each on Tuesday.
George now has 5.6 million shares in the specialty pharmaceuticals and services company, or 6.7% of the total.
The sale followed an earlier sale by George that day of 2.8 million shares, also at 410 pence.
George sold the additional 500,000 shares with approval from Numis Securities Limited and Peel Hunt LLP after late US institutional demand for the shares came in.
George has said he won't dispose of any more shares for a period of 180 days from Tuesday, as part of a lock-in arrangement.
Clinigen shares were Wednesday quoted at 424.51 pence, up 8.51 pence, or 2.0%.
By Samuel Agini; [email protected]; @samuelagini
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