Following demands from institutional investors in tea and coffee retailer Whittard Of Chelsea that the company’s shares see improved liquidity, one non-executive directors and the wife of another each agreed to sell over one million shares.
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David Gyle-Thompson, a non-executive director, and Anna Hobhouse, the wife of another non-executive director William Hobhouse each sold 1,125,000 ordinary 5p shares on 15 February.
Another one million shares were sold by antfactory Investments BV.
All of the 3,250,000 shares were bought at a price of 60p by UK institutional investors.
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