Director dealings: Trainline CEO makes share sale
Trainline
433.20p
12:40 24/12/24
Trainline revealed on Wednesday that chief executive Clare Gilmartin had disposed of 84,158 ordinary shares in the FTSE 250-listed ticketing platform operator.
FTSE 250
20,571.51
13:00 24/12/24
FTSE 350
4,491.87
12:54 24/12/24
FTSE All-Share
4,449.61
13:14 24/12/24
Travel & Leisure
9,215.48
12:54 24/12/24
Gilmartin, who will step down from both the role and Trainline's board at the end of February, sold the shares on Monday at an average price of 490.04p each, for a total value of £412,409.48.
Back in January, Trainline announced it would be selling £150.0m of convertible bonds to shore up its finances against a potential extended Covid-19 downturn in ticket sales.
Trainline noted its banks had agreed to extend a covenant waiver by a year once the bond issue is executed, giving it further breathing space.
As of 1630 GMT, Trainline shares were down 3.89% at 479.0p.
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