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Randall & Quilter founder and son sell two million shares

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Randall & Quilter founder and son sell two million shares

Tue, 05 February 2013
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Two million ordinary shares of non-life insurance investor Randall & Quilter were sold by the the group's Chairman and his son this week, the firm said on Tuesday.

Chairman Ken Randall, who also is the investment firm's founder and Chief Executive Officer, sold one million shares at a price of 110p a share on Monday, earning himself a total of £1,100,000.

Meanwhile his son, Mark Randall, sold the same amount at the same price. Collectively, the Randalls pocketed £2.2m from the transactions.

What's more, it looks like it was a good time for a share sale with the stock hitting a 52-week high of 121.5p last week following a trading update. Even including Tuesday's near-3.0% fall, shares have risen 11.8% in 2013 alone.

In a brief statement on February 1st, the company said pre-tax profits in 2012 would be in line with current market forecasts.

"The board remains confident in the positive outlook for the group during 2013," R&Q said.


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Top Director Sells

Randall & Quilter Investment Holdings (RQIH)
Director name: Mr Ken Randall
Amount sold: 2,000,000 @ 110.00p
Value: £2,200,000

BC

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