26th Jun 2019 16:13
(Alliance News) - Newly listed Trainline PLC on Wednesday said Chief Executive Clare Gilmartin sold GBP16.0 million worth of shares in the company.
Gilmartin sold 4.5 million shares at 350 pence per share on Tuesday. Her total shareholding, following the sale, if any, was not disclosed.
The company also said Chair Douglas McCallum and Chief Financial Officer Shaun McCabe sold GBP6.6 million and GBP4.9 million worth of shares, respectively.
McCallum sold 1.9 million shares a 350p, while McCabe sold 1.4 million shares at the same price.
Shares in rail and coach book app operator were trading 2.20% lower at 412.05p each.
Trainline's 480.7 million shares were admitted to trading on London Stock Exchange on Wednesday. The company priced its initial public offering at 350 pence per share, which values Trainline at GBP1.68 billion - the second-largest opening market cap of any IPO in London in 2019 behind Network International Holdings PLC's GBP2.20 billion.
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