Rathbones' chair and group CEO, Clive Bannister and Jonathan Sorrell, have both increased their holdings in the company by more than 15,000 shares each, according to regulatory filings dated 16 June.
Rathbones is also set to embark on a £20m buyback programme in an effort to reduce the company's share capital. Rathbones confirmed Merrill Lynch International would manage the share buyback programme, purchasing ordinary shares of 5p each up to a maximum consideration of £20m, according to a stock exchange notice today (17 June). Share purchases will take place in open market transactions, with shares purchased by the company subsequently cancelled. "The company will make further announcements in due course following the buyback of shares," the wealth management firm said. "Note t...
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