Director dealings: Joules founder lowers stake
Joules Group
9.22p
16:40 11/11/22
Joules Group revealed on Wednesday that founder Tom Joules had disposed of 5.25m ordinary shares in the AIM-listed clothing company.
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Joule, who started the group by selling clothing on a stand at a country show in Leicestershire back in 1989, sold the shares on Tuesday at an average price of 232.0p each, for a total value of £12.17m.
Following the sale, Joule still retains a 21.8% interest in the company's issued share capital.
Earlier in April, Joules named Caroline York as its new chief financial officer, joining the group from Moneysupermarket, where she currently serves as finance director, no later than September 2021.
As of 1655 BST, Joules shares were up 3.75% at 241.0p.
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