Cowdery to sell his £147m Resolution stake

Cowdery is expected to liquidate the stock, worth approximately £147m, before Resolution enters a close period on 1 January 2008. In a statement to the stock exchange this morning, Resolution says Cowdery intends to create a new charity, The Resolution Trust, which will receive approximately £20m in both share transfer and the proceeds of sales now and at completion of the transaction. “The Resolution Trust has been established to ensure continued funding for the work of The Resolution Foundation, an independent research and policy organisation formed in September 2005 and concerned with ...