Edwin Snape, vice-chairman of Deltex Medical, has trousered nearly £1m from the sale of shares in the company, cashing in on a surge last month following some well-received news.
He offloaded almost 3.4m shares at 28.5p a time, but kept just over 1m shares, which is about 0.75% of the company.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
NICE's recommendation now applies to 837,000 surgical patients a year in the NHS in England alone, it estimates.
The shares have risen sharply since December, when Snape took about 31,000 shares at 19.5p a time as part of an agreement to receive shares instead of cash remuneration.
Deltex also announced today that following his big sale he immediately started rebuilding his stake, receiving 21,053 shares at 28.5p as part of the same agreement.
-
Premium Bonds winners announced – did you scoop the September jackpot?NS&I has announced the winners for September’s Premium Bonds prize draw, with two lucky savers becoming overnight millionaires. Did you win this month?
-
What is the 25x retirement rule and does it work?The 25x retirement rule has been around for decades but many experts question if it is a suitable strategy
