Director dealings: MJ Gleeson director's trust lowers stake in firm

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Sharecast News | 19 Nov, 2020

17:20 26/04/24

  • 505.00
  • 1.81%9.00
  • Max: 515.00
  • Min: 492.50
  • Volume: 16,723
  • MM 200 : 7.74

MJ Gleeson revealed on Thursday that North Atlantic Smaller Companies Investment Trust had disposed of 300,000 ordinary shares in the London-listed urban regeneration and land development outfit.

North Atlantic, of which non-executive director Christopher Mills is a beneficiary, sold the shares on Wednesday at an average price of 750.0p each, for a total value of £2.25m.

Back in September, MJ Gleeson said annual profits had plunged by more than 80% after the Covid-19 pandemic saw the housing market grind to a halt.

Revenues in the year to 30 June 2020 came in at £147.2m, a 41% fall on the previous year, while pre-tax profits plunged 86% to £5.6m and volumes fell 30% to 1,072 units sold.

As of 1630 GMT, MJ Gleeson shares were down 1.09% at 731.94p.

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Top Director Sells

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Director name: Mills,Christopher H B
Amount sold: 300,000 @ 750.00p
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Menzies(john) (MNZS)
Director name: Kappelhoff-Wulff,Christian
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