7th Mar 2018 15:52
LONDON (Alliance News) - Student property developer Watkin Jones PLC said Wednesday that Chief Executive Officer Mark Jones sold 1.5% stake in the company, worth GBP7.4 million, to facilitate the final settlement of his divorce proceedings.
Jones sold 3.8 million ordinary shares at 195 pence per share earlier during the day.
Following the trade, Jones holds 3.8 million shares. The Watkin Jones Family continues to hold 70.6 million shares, representing 27.64% of the issued share capital.
Shares in Watkin Jones were down 1.8% at 199.40 pence in afternoon trade.
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