JD Wetherspoon chairman Tim Martin has sold about £1.5m worth of shares to repay the balance of a loan, which he had previously secured with shares.
Wetherspoon said it was previously informed by Martin that he pledged 3.6m shares in the company as security for a facility with RBS.
On Tuesday, Martin sold 500,000 shares at 309.5p each to repay the balance of the loan. The group said the security over any shares is in the process of being released.
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Martin now holds 33m shares, representing 24% of the group.
Top Director Sells
Value: £1,547,500
Top Director Buys
Value: £1,241,874
Value: £23,364
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