Diane Roberts, the wife of British Land finance director Graham Roberts, has raised more than £1m by selling more than three-quarters of the couple's stake in the property investor.
She sold 191,780 shares at 562.8p each, which raised £1.08m. The couple are left with 50,464 shares in British Land.
Roberts has been finance director for nine years after joining from Arthur Andersen. Lucinda Bell, who is Roberts' deputy, will become finance director from 24 May and Roberts will leave the board at the end of June.
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Bell has worked for British Land for 20 years and she was on the working party that developed the REIT structure.
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