16th Jan 2014 14:10
LONDON (Alliance News) - Miton Group PLC Thursday said Executive Director Martin Gray sold 760,000 shares in the company at a price of 45.96 pence per share on Wednesday.
The company said the roughly GBP350,000 proceeds made by the deal will be used primarily to fund subscription costs and tax and national insurance liabilities arising from a recent exercise of options by Gray.
Following the transaction, Gray holds 2.3 million shares and has vested options to subscribe for a further 1 million shares at 25 pence per share in the company.
Miton Group shares were up 1.6% to 46.75 pence Thursday.
By Tom McIvor; [email protected]; @tommcivor1
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