- Legal & General CEO Nigel Wilson cashes in his share options
- TUI director Burling buys €367,965 worth of shares
- 888’s Shaked buys shares after sell-off
The CEO of insurance group Legal & General (LGEN) has sold 112,850 shares at 253p at a total cash value of £285,849 to cover ‘tax and dealing costs’ on 19 April.
Nigel Wilson still owns 127,255 shares part of total share options of 240,105 shares given to him by the insurance group on 16 April 2018.
Back in January this year, Wilson announced his retirement after more than a decade in charge.
Since he took the top job, the company’s shares have delivered a total return of 214% according to SharePad data, outperforming its FTSE 350 life insurance peers Aviva (AV.) and Prudential (PRU).
The process of finding a new CEO is expected to take a year, according to the insurance firm, and Wilson is sticking around until the process is complete.
TUI DIRECTOR BUYS €370,000 WORTH OF SHARES
David Burling, editorial director at travel operator TUI (TUI), bought 66,300 shares at €5.55 for a total value of €367,965 on 20 April.
Earlier this year TUI announced a €1.8 billion rights issue in a bid to help reduce a debt pile accumulated during the Covid pandemic.
The company is hoping the reduction in its borrowings will reduce interest costs by between €80 million and €90 million on an annual basis.
888’s SHAKED BUYS BOMBED OUT SHARES
Non-executive director (NED) at betting and gaming company 888 Holdings (888), Ori Shaked, bought 260,000 shares at 78p for a total value of £201,630 on 19 April.
Shaked is buying after a big fall for the share price. Since January its shares have been in freefall as chief executive Itai Pazner resigned following an internal probe into its anti-money laundering controls in the Middle East.
Shaked, is a gaming entrepreneur and experienced game producer, and was previously employed by the group until 2017 as a game producer, online marketer and business development manager.
