Moneysupermarket.com founder takes further steps to exit the company

2nd Dec 2015 15:30

(ShareCast News) - 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 BuysAvation (AVAP) Director name: Mr Roderick Douglas MahoneyAmount purchased: 25,000 @ 132.00p Value: £33,000Acal (ACL) Director name: Mr Malcolm DiamondAmount purchased: 10,000 @ 279.00p Value: £27,900Top Director SellsMoneysupermarket.com Group (MONY) Director name: Mr Simon Justin NixonAmount sold: 32,000,000 @ 305.00p Value: £97,600,000LondonMetric Property (LMP) Director name: Mr Patrick VaughanAmount sold: 1,500,000 @ 164.43p Value: £2,466,450Bushveld Minerals Limited (BMN) Director name: Mr Jeremy FriedlanderAmount sold: 1,250,000 @ 3.00p Value: £37,500