Liontrust shares sold off

Professional Adviser
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Liontrust Asset Management's majority shareholder has sold two-thirds of its stake in the business....

Liontrust Asset Management's majority shareholder has sold two-thirds of its stake in the business. Pacific Investments' subsidiary River & Mercantile Management, together with Mark Johnson, a non-executive of Liontrust and a director of Pacific and persons connected to him and John Beckwith, sold £8m worth of ordinary shares on 1 March. As a result, the selling shareholders' 39.7% stake in Liontrust has been reduced to 15%. The shares were purchased by the directors of Liontrust and persons connected to them. Nigel Legge, the joint chief executive of Liontrust, said: "This is very pos...

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