Britain

AJ Bell dips as directors trouser £25.7mln from discounted placing

AJ Bell PLC (LON:AJB) shares dipped slightly on Wednesday after directors at the investment manager pocketed £25.7mln in a slightly discounted placing to institutional investors.

The 6.4mln shares were placed at a price of 400p each, a discount of 1.2% to the companys 405p close price on Tuesday and represent around 1.6% of its share capital.

READ: AJ Bell profits and dividend up in line with forecasts

Those selling shares included Read More – Source