Liontrust CEO Ions nets £487k from share sale

Liontrust chief executive John Ions has sold shares in the company for a total consideration of £486,750, according to regulatory filings.

Last Friday, Ions (pictured) exercised 200,000 share options - issued to him as part of the Liontrust incentive plan - before selling the entirety of the award on the same day. The shares were bought by Liontrust's own employee benefit trust, which now holds 5.6% of the company's shares. Following the transaction Ions himself holds a total of 1.4m shares, representing 3.1% of Liontrust's voting share capital. The sale follows a runaway period for the stock as it tracked the improving fortunes of the asset manager. Liontrust's share price rose 61% in 2012 and by a further 115% last ...