Manchester’s AJ Bell says bosses sell £25m of shares

AJ Bell CEO Andy Bell

Salford-based investment platform AJ Bell said on Wednesday that its CEO Andy Bell and AJ Bell Investcentre managing director Fergus Lyons sold 3.6 million and 1.7 million shares respectively in the company for 460p per share — making a total of £24.8 million.

“The placing shares represent approximately 1.31% of the company’s issued share capital,” said broker Numis Securities Limited.

Following the placing, Bell and Lyons will respectively have interests in 93 million (22.68%) and 15.7 million (3.84%) of the company’s issued share capital.

About the Author

Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.