Tax bill prompts sale by Big Yellow founder

Self-storage group Big Yellow's co-founder and former property director Philip Burks, has sold 205,000 shares at an average price of 210p per share netting about £430,000.

Burks, now a non-executive director, still owns 7.47m shares, some 6.47% of the shares in issue, following the latest sale, which the company says was for personal tax reasons.

Big Yellow's share price has rallied in the past two months after a tough period up to Christmas last year. Occupancy fell by 3% in the three months to end September.

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