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Knights CEO sells shares for £61million

Counting just the share sale, he s past Horan and nipping Styles heels.
The CEO of regional firm Knights has cashed in shares in his business for £61 million.
Chief Executive David Beech, a (very rich) solicitor, sold 15.7m shares in the floated law firm at a price of 390p per share. The sale leaves him with 16.8m shares in Knights PLC.
Beech can’t sell the remainder, equivalent to about 20% of the company, until a two-year lock-in period expires in 2023.
Reacting to the windfall, sources expressed opinions about the temporary pay cut imposed last year on staff earning over £30,000 which, once lifted, was followed by the firm’s purchase of a new business in Exeter in November. ....

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Knights Group Slips To Interim Loss But Confident In Strategy

Knights Group Slips To Interim Loss But Confident In Strategy
Tue, 19th Jan 2021 11:52
(Alliance News) - Knights Group Holdings PLC on Tuesday reported robust interim results, but slipped to a loss so has decided against any shareholder distributions.
Shares in the legal and professional services firm were 3.0% higher in London on Tuesday at 368.62 pence each.
In the six months to October 31, Knights slipped to a pretax loss of GBP1.1 million compared to a GBP2.8 million profit the year before.
Revenue improved 44% to GBP46.2 million from GBP32.0 million. Knights noted it saw a GBP19 million boost in revenue from acquisitions.
Staff costs, however, rose to GBP29.6 million from GBP19.9 million and the firm recorded GBP7.9 million in other operating charges, up from GBP4.9 million, and also booked GBP6.0 million in non-underlying operating costs, up from GBP1.8 million. ....

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