DIRECTOR DEALINGS: Manchester & London Manager Owner Sells More Shares

LONDON (Alliance News) - Manchester & London Investment Trust PLC said the owner of its ...

Alliance News 15 April, 2019 | 4:52PM
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LONDON (Alliance News) - Manchester & London Investment Trust PLC said the owner of its investment manager Mark Sheppard sold 25,000 shares at GBP5.00 each on Monday.

Sheppard's holding in the trust following the GBP125,000 deal has not been disclosed.

Sheppard has undertaken an number of share dealings in 2019. On Friday, Sheppard, who owns M&L Capital Management Ltd, sold 25,000 shares at GBP4.93 for GBP123,125 and on April 5 he sold 20,000 shares at GBP4.85 each for GBP97,000.

In February, M&L Capital Management took up 726,363 shares at GBP4.99 each. Following that subscription, Sheppard was interested in 16.2 million shares or 57% of Manchester & London.

Earlier in the year, he sold GBP965,225 worth of shares on January 24 and GBP882,000 of shares on January 28.

Shares in Manchester & London closed up 1.5% at 506.00 pence on Monday.

By Anna Farley; annafarley@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
Manchester & London Ord 512.00 GBX 1.59
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