Aberdeen's Gilbert sells £5.2m stake in company

Sale through deferred share exercise

Jayna Rana
clock • 1 min read

Martin Gilbert, chief executive of Aberdeen Asset Management, has sold £5.2m worth of shares in the business.

The transaction, which was made yesterday through a deferred share exercise, saw the sale of 1,631,343 shares each priced at £3.25. Gilbert (pictured) now holds a total of 183,865 ordinary shares in Aberdeen, which represent 0.1% of the company's issued share capital. He also has an unconditional entitlement to a further 542,222 ordinary shares in respect of awards made as part of the firm's variable pay awards in 2012, 2013 and 2014. The total of Gilbert's aggregate conditional and unconditional shares amount to 2,722,529. Aberdeen's Gilbert: 'There is no need for a messy EU di...

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