Boohoo chief exec pockets £10.7m in share sale

The joint chief executive officer of online fashion retailer Boohoo.com has sold 4.65m shares in the company at an average price of 230p per share.

Following the transaction on Wednesday, in which she pocketed just under £10.7m, Carol Kane will retain a stake of around 4%.

On Thursday, non-executive director Pierre Cuilleret picked up 100,000 ordinary shares at 204.8p each, giving him an interest of 0.01% in the company.

Shares in the Nasty Gal and Pretty Little Thing owner slumped on Wednesday despite the company doubling its first-half sales, beating profit forecasts and upgrading full-year guidance, with investors seemingly miffed that investment in the business is leading to slightly lower margins.

At 1055 BST, the shares were down 9.9% to 196.50p.

Top Director Buys

Halma (HLMA)
Director name: Rice,Tony
Amount purchased: 9,274 @ 1,072.63p
Value: £99,475.71

Card Factory (CARD)
Director name: Hubbard,Karen
Amount purchased: 21,586 @ 286.60p
Value: £61,865.47

Inland Homes (INL)
Director name: Wicks,Stephen Desmond
Amount purchased: 100,000 @ 58.50p
Value: £58,500.00

Entertainment One Limited (ETO)
Director name: Reaugh,Mitzi
Amount purchased: 7,000 @ $3.52
Value: $18,881.24

Top Director Sells

Boohoo.com (BOO)
Director name: Kane ,Carol Mary
Amount sold: 4,650,000 @ 230.10p
Value: £10,699,863.41

Boohoo.com (BOO)
Director name: Cuilleret,Pierre Marie Jean-Louis
Amount sold: 100,000 @ 204.83p
Value: £204,830.00