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AJ Bell lower as chief executive sells £28mln in shares

Published 24/05/2024, 15:15
AJ Bell lower as chief executive sells £28mln in shares

Proactive Investors - AJ Bell PLC (LON:AJBA) slipped on Friday after news broke chief executive Andy Bell had sold £28.1 million worth of shares in the online investment company.

Bell sold 7.5 million shares at 375p each, marking a 7% discount to Thursday’s closing price, a regulatory filing showed.

This came after shares in the company jumped on Thursday following results showing a 47% jump in pre-tax profit to £61.4 million over the first half of the year.

Bell has been left with an 18.7% stake in AJ Bell, which he founded, following the move.

Director Billy Mackay and chief technology officer Amber Tagari have also sold parts of their stakes in AJ Bell, another filing on Thursday showed.

Shares fell 3.9% to 387.28p.

Read more on Proactive Investors UK


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