Aberdeen CEO sells £771,000 worth of shares

Aberdeen Asset Management CEO Martin Gilbert has sold £771,000 worth of his shares in the company in a bid to bolster Aberdeen portfolios.

Gilbert (pictured) will reinvest the proceeds from the sale in Aberdeen's managed funds, the group said. The CEO sold 300,000 shares from his pension fund at 2.57p each on 30 March, according to a London Stock Exchange announcement. After selling the equivalent of 7% of his total holding, he will have 3,767,508 shares in the company. Aberdeen shares closed up 0.82% at 259.1p in today's session. The company, which was recently promoted to the FTSE 100, has recently benefitted from strong inflows. Last week it reported a 6% rise in assets under management in the first two months...