Director dealings: Asos co-founder lowers stake
Asos co-founder Nick Robertson disposed of 410,000 ordinary shares in the AIM-listed online retailer on Wednesday as part of an effort to fund his £70m divorce settlement.
Robertson, who stepped down as chief executive of ASOS in 2015, sold the shares at an average price of 3,722.50p each, for a total value of £15.26m.
The former CEO was ordered to dole out roughly a third of his £220m fortune to ex-wife Janine following a public trial back in 2016.
Following the transaction, Robertson holds 4.63m ordinary shares in Asos, representing 5.53% of the company's issued share capital.
As of 1625 BST, Asos shares had picked up 3.24% to 3,883p.
Top Director Buys
Crest Nicholson Holdings (CRST)
Director name: Mr Peter Truscott
Amount purchased: 60,000 @ 396.00p
Value: £237,600
Crest Nicholson Holdings (CRST)
Director name: Mr Peter Truscott
Amount purchased: 60,000 @ 396.00p
Value: £237,600
Fireangel Safety Technology Group (FA.)
Director name: Mr Nicholas (Nick) Alexander Rutter
Amount purchased: 800,000 @ 20.00p
Value: £160,000
Beazley (BEZ)
Director name: Mr John Reizenstein
Amount purchased: 10,000 @ 558.62p
Value: £55,862
Hipgnosis Songs Fund Limited NPV (SONG)
Director name: Mr Simon Holden
Amount purchased: 20,000 @ 102.00p
Value: £20,400
Fireangel Safety Technology Group (FA.)
Director name: Mr Graham Reginald Alexander Whitworth
Amount purchased: 78,461 @ 20.00p
Value: £15,692
Fireangel Safety Technology Group (FA.)
Director name: Mr William James Benedict Payne
Amount purchased: 65,384 @ 20.00p
Value: £13,077
Hipgnosis Songs Fund Limited NPV (SONG)
Director name: Mr Andrew Wilkinson
Amount purchased: 10,000 @ 102.00p
Value: £10,200
Top Director Sells
ASOS (ASC)
Director name: Mr Nicholas Robertson
Amount sold: 410,000 @ 3,722.50p
Value: £15,262,250
Gamma Communications (GAMA)
Director name: Mr Andrew Jonathan Stone
Amount sold: 200,000 @ 1,095.00p
Value: £2,190,000
Rathbone Brothers (RAT)
Director name: Mr Andrew Butcher
Amount sold: 1,670 @ 2,395.00p
Value: £39,996
Computacenter (CCC)
Director name: Mr Raymond Gray
Amount sold: 1,529 @ 1,060.00p
Value: £16,207