7th Aug 2015 12:24
LONDON (Alliance News) - Student accommodation developer Unite Group PLC Friday said Richard Simpson, head of its property division, sold 12,319 shares at a price of 649.50 pence per share.
Following this transaction, Simpson now holds 75,625 shares, which represents 0.034% stake in the firm.
Unite Group on Wednesday posted a huge rise in pretax profit in the first half of 2015, driven in part by gains made on the revaluation of its property but also by growth in its rental income and revenue, prompting the company to more than double its dividend payout.
The stock was trading at 661.50p down 1.0% Friday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Unite