Tim Martin offloads further £50m in JDW shares
As reported by
The Morning Advertiser’s (MA) sister title
MCA, JD Wetherspoon chairman Tim Martin has sold 4.37m of ordinary company shares – at a price of £11.50 – netting him £50m and reducing his company stake to 21.88%.
The news comes after Martin sold £5m worth of company shares in December, which at the time left him with a 27% stake in the business – a move which itself followed on from another £5m sale in the summer.
The latest sale on 26 January was in response to “significant buying interest following the company placing last week”, according to the operator.