18th Dec 2019 17:25
(Alliance News) - Hilton Food Group PLC said Executive Chair Robert Watson sold GBP1.7 million in shares on Wednesday.
Watson sold 164,600 shares at GBP10.50 apiece. The stock closed down 0.4% on Wednesday at Watson's sale price of 1,050.00 pence.
The Huntingdon-based food packaging firm didn't say how many shares Watson continues to hold.
Shareholders of Hilton Food last month registered "a significant minority vote" against Watson's move from chief executive officer to executive chair. However, the company insisted that the move "is in the best interests of the company". Watson will move to non-executive chair during 2020.
By Tom Waite; [email protected]
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