Moneysupermarket.com founder takes further steps to exit the company

Moneysupermarket.com founder Simon Nixon has sold nearly half his remaining stake in the comparison website.

Nixon sold 32m shares, a 5.8% stake, to pocket £98m in his latest move to exit from the company.

He has been slowly reducing his shareholding and increasing his involvement in other activities over the last two years.

The company also confirmed he will step down from the board at the end of the year.

Nixon still holds a 6.9% stake in the company, with those shares subject to a lock-up until the company's full-year results in March 2016.

Chairman Bruce Carnegie-Brown paid tribute to the founder, saying it is arguably the most successful UK e-commerce business founded in the 1990s.

Top Director Buys

Avation (AVAP)
Director name: Mr Roderick Douglas Mahoney
Amount purchased: 25,000 @ 132.00p
Value: £33,000

Acal (ACL)
Director name: Mr Malcolm Diamond
Amount purchased: 10,000 @ 279.00p
Value: £27,900

Top Director Sells

Moneysupermarket.com Group (MONY)
Director name: Mr Simon Justin Nixon
Amount sold: 32,000,000 @ 305.00p
Value: £97,600,000

LondonMetric Property (LMP)
Director name: Mr Patrick Vaughan
Amount sold: 1,500,000 @ 164.43p
Value: £2,466,450

Bushveld Minerals Limited (BMN)
Director name: Mr Jeremy Friedlander
Amount sold: 1,250,000 @ 3.00p
Value: £37,500