Albemarle & Bond (LSE:ABM) – Chairman is selling again
Hot on the heels of yesterday’s positive trading update, when the group announced that results for the year ending 30th June 2009 are expected to be significantly ahead of market expectations, Charles Nicolson, Chairman of AIM quoted pawnbroker Albemarle & Bond, wasted no time in selling 25,000 shares at a price of 213pence a share (current price 214p).
Following this transaction, Mr Nicolson’ still holds 666,731 shares in the company, equivalent to 1.21% of the Company’s issued share capital, however, he has proved to be a keen seller over the past few months.
In April 2009 he disposed of 50,300 shares at c200p per share, in March 2009 he sold 250,000 at 195pence a share, and in February he sold 25,000 shares at 204pence.
The 200pence level clearly holds some appeal to Mr Nicolson!