- Computacenter director offloads £13 million of stock
- Moonpig boss in £2.47 million sale
- Morgan Sindall CEO sells 449,080 shares
A person closely associated with Computacenter (CCC) non-executive director Peter Ogden sold 562,284 shares at £23.12 for a total value of £13 million on 30 October.
These ordinary shares have been sold to trusts of which the beneficiaries are members of the Ogden family.
The transaction represents approximately 0.52% of the total number of voting rights in the pan-European enterprise IT infrastructure supplier.
The sale comes as no surprise at the company downgraded its full-year profit guidance (on 28 October) following a softer-than-expected end to the third quarter.
Year-to-date, Computacenter shares have fallen 21%.
MOONPIG CEO SELLS £2.47 MILLION SHARES
Nickyl Raithatha, CEO at online greetings cards-to-gifting platform Moonpig (MOON), sold one million shares at 247p for a total value of £2.47 million on 30 October.
Following the transaction Raithatha holds 3,751,114 shares in the company, representing 1.48% of his salary.
The shareholding requirement for a director under the company’s remuneration policy is 300% of salary.
Year-to-date, Moonpig’s shares have made healthy gains of 64%.
The company is due to announce its half-year results for the six months ending 31 October on 10 December.
MORGAN SINDALL CEO SELLS £449,080 SHARES
John Morgan, CEO of construction and building services group Morgan Sindall (MGNS), sold 11,543 shares at £38.90 for a total value of £449,080 on 28 October.
Morgan’s sale comes after shares in his charge hit an all-time high on 22 October, after the London-headquartered group raised its profit forecast for the year to December 2024.
Morgan Sindall revealed that since its last trading update in early August and due to ‘material profit growth ahead of expectations’ from its Fit-Out division, its full-year results would be significantly ahead of its previous forecasts. Year-to-date, shares in the company have gained 73%.
