26th May 2016 06:55
LONDON (Alliance News) - ASOS co-founder Nick Robertson has sold a GBP46.0 million stake in the company to cover his divorce settlement, bookrunner Numis Securities Ltd confirmed on Thursday.
Robertson sold 1.3 million shares at 3,525 pence per share, raising around GBP46.0 million. Shares in ASOS closed at 3,525.00p on Wednesday.
The sale was announced late on Wednesday and will cut Robertson's stake in the business to around 5.5 million ASOS shares, or a 6.6% stake.
By Sam Unsted; [email protected]; @SamUAtAlliance
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