Aberdeen Asset Management CEO Martin Gilbert and group head of equities Hugh Young have sold shares in the business for a combined total of over £6m.
Gilbert sold 148,456 ordinary shares awarded to him in 2008 under Aberdeen's long-term incentive plan after they vested, as well as a separate 1,236,956 shares. Both sales took place on 6 December for a price of 212p a share, bringing the total value of the transactions to £2.93m. Gilbert retains an aggregate unconditional holding of 7,080,289 shares, or 0.62% of Aberdeen's issued share capital. Young (pictured) has sold 1,565,915 ordinary shares awarded under the company's deferred share award plan for a combined total of £3.32m. The manager also exercised 150,000 share options un...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
