Liontrust shares slump as Ions sells further £1m stake

Liontrust shares have dropped sharply after CEO John Ions sold down more of his stake in the company.

A stock exchange filing released this morning showed Ions (pictured) had sold 500,000 shares at 230p apiece yesterday - netting him £1.1m - six days after his disposal of a separate tranche of shares worth £487,000. The chief executive continues to hold 905,180 shares in the company, equivalent to a 2% stake, following the disposals. Liontrust chairman Adrian Collins also sold shares on Thursday, according to the filing, disposing of 100,000 ordinary shares for a total consideration of £230,000. Collins retains 403,998 shares in the business. Investors appear to have viewed the sal...