Jupiter CEO Edward Bonham Carter has sold 750,000 shares in the group, bringing his shareholding down below 3%.
The chief executive made the sale on Friday 15 March, with the transaction priced at 350.75p per share or £2.63m in total. The divestment was equivalent to just over 0.16% of the group's share capital. Bonham Carter retains a 2.84% stake in the group via his holding of a further 13m shares. His move to offload some of his stake comes after a sharp rise in the price of shares in the business. Jupiter's share price has climbed 44% over the past 12 months as the asset manager benefits from the UK market rally and improving sentiment towards the sector. Brokers including Credit...
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
