1st Nov 2018 15:11
LONDON (Alliance News) - NEX Group PLC said Steve Gibson, chief executive officer of NEX Opportunities, sold shares worth GBP210,591 on Thursday.
Gibson sold 18,686 shares in the company at 1,127 pence each. His total stake in the FTSE 250-listed firm was not disclosed.
NEX shares were trading down 0.4% at 1,132.0p on Thursday.
Shares in NEX are expected to be suspended on Friday, and then delisted on Monday, after the UK Competition & Markets Authority cleared its takeover by US-based options and futures exchange operator CME Group Inc.
Th GBP3.90 billion deal was announced in March, with CME offering 500 pence in cash as well as 0.0444 of a new CME share for every NEX share held - at CME's closing price the day before the announcement, this valued the offer at 1,000p per share, a 49% premium to NEX's March 15 closing price.