Tesco’s Former CEO Clarke Sells a Third of His Stake: Times
2014-12-26 11:40:58.514 GMT
By Naomi Christie
(Bloomberg) -- Philip Clarke has sold GBP1.4m ($2.2m) of
shares, Times of London reports, citing analysis of the share
register and annual reports.
* Clarke held 1.8m shares in Feb. worth more than GBP6m
* On Dec. 11 Clarke held 1.2m shares, suggesting he sold
600,000 shares
* Clarke would have made ~GBP1.4m if he’d sold shares on
earliest date it was possible without notifying the market,
Times estimates
* The shareholding of another former chief executive, Terry
Leahy, dropped to 4.6m from 6.4m in the last annual report
before he left in 2011, according to register of
shareholders
* Andrew Higginson, former finance director, also cut holding
from GBP2.5m stake he held, according to last annual report
before 2012 resignation
* Higginson no longer features on the register of shareholders
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To contact the reporter on this story:
Naomi Christie in London at +44-20-3525-2182 or
nchristie5@bloomberg.net
To contact the editors responsible for this story:
Alan Crawford at +49-30-70010-6237 or
acrawford6@bloomberg.net
Ben Sills, Todd White
2014-12-26 11:40:58.514 GMT
By Naomi Christie
(Bloomberg) -- Philip Clarke has sold GBP1.4m ($2.2m) of
shares, Times of London reports, citing analysis of the share
register and annual reports.
* Clarke held 1.8m shares in Feb. worth more than GBP6m
* On Dec. 11 Clarke held 1.2m shares, suggesting he sold
600,000 shares
* Clarke would have made ~GBP1.4m if he’d sold shares on
earliest date it was possible without notifying the market,
Times estimates
* The shareholding of another former chief executive, Terry
Leahy, dropped to 4.6m from 6.4m in the last annual report
before he left in 2011, according to register of
shareholders
* Andrew Higginson, former finance director, also cut holding
from GBP2.5m stake he held, according to last annual report
before 2012 resignation
* Higginson no longer features on the register of shareholders
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Naomi Christie in London at +44-20-3525-2182 or
nchristie5@bloomberg.net
To contact the editors responsible for this story:
Alan Crawford at +49-30-70010-6237 or
acrawford6@bloomberg.net
Ben Sills, Todd White