Director dealings: AFH Financial CEO makes share sale
Updated : 16:25
AFH Financial Group said on Monday that chief executive Alan Hudson had disposed of 4.29m ordinary shares in the AIM-listed wealth management firm.
Hudson, AFH's major shareholder, sold the shares at an average price of 463.0p each, for a total value of £19.88m.
Earlier in the day, AFH agreed to be taken over by US private equity firm Flexpoint Ford in a £224.5m deal.
As of 1625 GMT, AFH shares were up 14.21% at 454.0p.
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Top Director Sells
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Director name: Hudson ,Alan
Amount sold: 4,294,065 @ 463.00p
Value: £19,881,521.44
Polar Capital Holdings (POLR)
Director name: Ashford-Russell,Brian J D
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Value: £105,976.57
Morses Club (MCL)
Director name: Smith,Paul
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Value: £67,431.61
Morses Club (MCL)
Director name: Thomson,Andy
Amount sold: 88,217 @ 58.60p
Value: £51,695.16
Morses Club (MCL)
Director name: Easson,Leslie
Amount sold: 66,055 @ 58.60p
Value: £38,708.23