18th Mar 2016 16:18
LONDON (Alliance News) - The joint chief executives of FTSE 250-listed real estate investment trust Hansteen Holdings have sold a 1.9% combined stake in the company, according to Peel Hunt LLP.
Morgan Jones and Ian Watson have placed a total of 14 million shares at a price of 105 pence each via an accelerated bookbuild, conducted by Peel Hunt.
Shares in Hansteen Holdings were down 1.9% at 105.70 pence Friday afternoon.
Following the sale Jones and Watson continue to hold a total of 19.3 million shares, or 9.66 million each, or a 2.% stake in the company. They are in the process of transferring 500,000 shares to Group Finance Director Rick Lowes.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
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