Leeds-based Jet2 said on Thursday said that executive chairman Phillip Meeson sold about £19.9 million worth of shares on Wednesday and Thursday this week, but “does not plan further sales in the immediate future.”

Last week, Meeson sold £18.1 million of shares.

The holiday airline said on Thursday that Meeson sold 625,000 shares on Wednesday at £10.03 per share, worth £6.3 million, and sold 1.375 million shares on Thursday at £9.90 per share, worth £13.6 million.

The company said Meeson made the sales in order to “diversify his investment portfolio.”

Following this week’s sales, Meeson holds 39.3 million shares in Jet2, representing 18.31 % of the company’s issued share capital.

On November 24, Meeson had sold two million shares at about £9.03 each, totalling £18.1 million, bringing his stake in the company down to 19%.

Reporter: Harvey Dorset

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