CVS' chief executive pockets £1.7m by selling half of stake

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Sharecast News | 09 Apr, 2015

Updated : 16:27

Veterinary services provider CVS Group said its chief executive sold £1.7m worth in shares on Thursday.

Simon Innes, who has been the chief executive in the group since 2004, sold 300,000 shares for 550p each, bringing home a total of £1.665m.

Following the transaction, Innes holds 246,475 remaining shares in the group.

CVS said last month it enjoyed strong half-year results with profits before tax up 61% to £5.2m but warned like-for-like sales were hurt by poor weather conditions.

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Director name: Mr Lynn Fordham
Amount sold: 567,451 @ 505.00p
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Director name: Mr Simon Innes
Amount sold: 300,000 @ 555.00p
Value: £1,665,000

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Director name: Mr David Broadbent
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