Aberdeen's Laing nets over £5m from selling shares

Deputy chief executive Andrew Laing has sold 1.17m shares in Aberdeen Asset Management two weeks after Martin Gilbert and Hugh Young also sold a large proportion of their holdings.

Laing netted £5.26m from the sale, which took place in two separate transactions on 18 December, according to a regulatory filing. The deputy chief executive's aggregate unconditional interest in the business now stands at 315,981 shares, or 0.03% of the company. He also has a conditional entitlement to a further 358,831 ordinary shares as part of the company's deferred bonus arrangements. At the start of December, Gilbert netted £8.6m from the sale of 1.78m shares in the firm, while Young sold 1.15m shares for a total sum of almost £5.6m.