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(Sharecast News) - FRP Advisory revealed on Wednesday that chief financial officer Gavin Jones had disposed of 44,080 ordinary shares in the AIM-listed business advisory firm.
Jones, who had exercised nil cost options over 93,458 ordinary shares earlier in the day, sold the shares on Tuesday at an average price of 136.50p each, for a total value of 60,169.20. The sale was undertaken in order to satisfy personal income tax and national insurance liabilities associated with the option exercise.
Following the transactions, Jones holds a beneficial interest in 253,681 ordinary FRP shares, representing 0.10% of the company's issued share capital.
As of 1530 BST, FRP shares were up 0.37% at 137p.
Reporting by Iain Gilbert at Sharecast.com
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