Hargreaves Lansdown

Boohoo chief exec pockets £10.7m in share sale

Thu 28 September 2017 08:09 | A A A

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(ShareCast News) - 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

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