Micro Focus slumps as chairman dumps shares
Micro Focus slumped on Monday as it emerged that chairman Kevin Loosemore sold 650,000 shares in the business last week, pocketing £11.6m.
FTSE 100
8,078.86
17:14 25/04/24
n/a
n/a
FTSE 350
4,434.34
17:09 25/04/24
n/a
n/a
FTSE All-Share
4,387.94
16:49 25/04/24
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Micro Focus International
532.00p
16:40 30/01/23
0.00%
0.00p
Software & Computer Services
2,390.57
17:09 25/04/24
-0.91%
-21.95
Loosemore sold 214,658 shares in the software company last Wednesday at 1,861p peach. The day after, he sold a further 435,342 shares at 1,736p each.
At 0955 BST, the stock was down 5% at 1,676.20p.