Director dealings: Randall & Quilter co-founder lowers stake
Randall & Quilter revealed on Tuesday that deputy chairman and chief financial officer Alan Quilter had disposed of 500,000 ordinary shares in the investment firm.
FTSE AIM 100
3,628.91
16:49 25/04/24
FTSE AIM All-Share
753.12
16:50 25/04/24
Insurance (non-life)
3,614.78
17:09 25/04/24
R&Q Insurance Holdings Ltd (DI)
2.51p
16:35 25/04/24
Quilter, who formed the company alongside Ken Randall back in 1991, sold the shares at an average price of 188p on Monday, for a total value of £940,000.
Following the sale, the firm's co-founder still holds 3.32m ordinary shares, representing 1.73% of R&Q's issued share capital, while his close family members hold a further 254,427 ordinary shares.
Last month, the AIM-listed outfit posted a rise in 2018 pre-tax profit as it hailed a positive start to the current year.
In the year to the end of December 2018, pre-tax profit from continuing operations increased 45% to £14.3m while net tangible assets per share pushed up 17% to 123.6p.
The specialist non-life legacy insurance investor lifted its full-year dividend to 9.2p a share from 8.9p the year before.
As of 1620 BST, R&Q shares had slipped 1.57% to 188.50p.
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