23rd Nov 2016 11:54
LONDON (Alliance News) - Hutchison China Meditech Ltd Wednesday said Non-Executive Director Michael Howell sold 10,000 shares under a personal share trading plan.
Howell sold 5,000 shares at 1,880 pence each on Monday and 5,000 shares at an average price of 1,883p each on Friday. The deal is worth around GBP188,300 gross.
Following the sale, Howell holds 118,600 shares, representing approximately 0.20% of the current issued share capital of Chi-Med.
The plan was put in place by Howell to facilitate a financial settlement arising from a marital separation agreement.
Shares in the China-based healthcare group were up 1.1% at 1,920.50p Wednesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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