Gilbert and Young sell multi-million Aberdeen stakes

Aberdeen chief executive Martin Gilbert has netted £8.6m from the sale of 1.78m shares in the firm, according to a regulatory filing.

Gilbert sold the shares on 2 December in two separate transactions for a combined total of just over £8.6m. The CEO's aggregate unconditional interest in Aberdeen now stands at 3.77m shares, or 0.3% of the company's issued share capital. He has also been granted an award over a further 707,636 ordinary shares, exercisable in four equal tranches over the next four years, as part of Aberdeen's 2013 annual bonus programme. Several other senior Aberdeen figures, including CIO Anne Richards and Asia Pacific equity head Hugh Young, also sold shares on 2 December. Young sold 1.15m shar...