9th Dec 2022 09:45
Frasers Group PLC - Shirebrook, England-based owner of Sports Direct, Frasers and Flannels retail chains - Founder Mike Ashley buys a spread bet on 100,000 shares at 815.23 pence per share, worth GBP815,233, and sells a put option over 300,000 shares at strike price of 900p, worth GBP2.7 million. The put option, which gives Ashley the right to sell Frasers shares at that price, expires in September of next year. Frasers provides no reason for the transactions. Back in May, Ashley stepped down as chief executive officer of the company he founded in 1982, replaced by his son-in-law Michael Murray. In October, Ashley stepped down from the board as well, though he remains a company adviser.
Ashley holds a 67.4% stake in Frasers, according to Morningstar.
Current stock price: 804.74p, down 1.2% on Friday in London
12-month change: up 8.6%
By Tom Waite, Alliance News editor
Comments and questions to [email protected]
Copyright 2022 Alliance News Ltd. All Rights Reserved.
Related Shares:
Frasers Group