Jupiter CEO Edward Bonham Carter has sold 750,000 shares in the group, bringing his shareholding down below 3%.
The chief executive made the sale on Friday 15 March, with the transaction priced at 350.75p per share or £2.63m in total. The divestment was equivalent to just over 0.16% of the group's share capital. Bonham Carter retains a 2.84% stake in the group via his holding of a further 13m shares. His move to offload some of his stake comes after a sharp rise in the price of shares in the business. Jupiter's share price has climbed 44% over the past 12 months as the asset manager benefits from the UK market rally and improving sentiment towards the sector. Brokers including Credit...
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