18th Sep 2015 15:08
LONDON (Alliance News) - Mattioli Woods PLC said Friday Chairman Bob Woods sold 500,000 shares at a price of 617.16 pence per share Friday.
The deal is worth about GBP3.4 million.
Following this transaction, Woods now holds 2.6 million shares, which represents 10.3% stake in the firm.
Commenting on the sale, Woods said: "Having founded this business 24 years ago with Ian Mattioli, I am looking forward to helping the business continue to grow strongly at this time of great opportunity. This share sale leaves me with over 10% of the Company's equity and I have neither the intention nor desire to consider any further sales for the foreseeable future. I look forward to continuing to play a part in the growth of the business for many years to come."
The stock was down 1.7% at 612.00p Friday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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