Director dealings: Motorpoint co-founder cashes out

Motorpoint revealed on Thursday that co-founder David Shelton had cashed out his remaining stake in the London-listed car retailer.

Shelton, who co-founded Motorpoint in March 1998, sold 2.39m ordinary shares in the group via Shoby Investments Partnership on Wednesday - offloading each share at an average price of 210p each, for a total value of £5.03m.

Motorpoint shares tanked earlier in the month after Shelton sold 11m shares. Shelton and his associates had originally planned to sell just 8m shares.

As of 1635 BST, Motorpoint shares had crept forward 1.40% to 217p.

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Old Mutual Limited Npv (di) (OMU)
Director name: Williamson,Iain
Amount purchased: 100,000 @ R19.99
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Top Director Sells

Motorpoint Group (MOTR)
Director name: Shelton,David
Amount sold: 2,396,726 @ 210.00p
Value: £5,033,124.37

Sdx Energy Inc. (di) (SDX)
Director name: Mitchell,David John Woodhams
Amount sold: 137,500 @ 22.00p
Value: £30,250.00

Alliance Trust (ATST)
Director name: Samuel,Christopher
Amount sold: 2 @ 803.10p
Value: £16.06