Misys chief executive Mike Lawrie has raised £427,132 from a share disposal in order to cover a tax bill.
The tax is due on contingent share awards that matured on 13 August.
Lawrie sold 153,069 shares at 268.52p each. He still owns just over 1.33m shares in the software company.
Subscribe to 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
Last Friday, Misys announced that it had completed the placing of 27m shares in Allscripts as well as selling 24.4m shares back to the US-quoted software company. The placing shares were sold for $17.05 each (the minimum offer price was $16.50 a share) and Allscripts bought the other shares back for $23.62 a share. Misys raised just over $1bn from these sales.
Misys plans to return this cash to shareholders through a tender offer.
Top Director Buys
Polo Resources (POL) Director name: Mr Guy ElliottAmount purchased: 2,549,995 @ 3.50p Value: £89,250
QinetiQ Group (QQ.) Director name: Mr Leo QuinnAmount purchased: 50,000 @ 106.80p Value: £53,400
Top Director Sells
Misys (MSY) Director name: Mr Mike LawrieAmount sold: 159,069 @ 268.52p Value: £427,132
-
December 2023 NS&I Premium Bond winners - check now to see what you’ve wonIf you hold money in NS&I Premium Bonds, you can check from today (2 December) to see if you have won in the December prize draw. Here’s how to check.
-
OpenAI – corporate drama unleashed
OpenAI, the firm behind ChatGPT, was in uproar as its boss was booted out, briefly snapped up by Microsoft and then brought back again.
