A group of Hastings investors led by Neil Utley are selling their shares in the company

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Hastings former chairman Neil Utley and several other individuals are selling some their shares in Hastings.

The sale of the shares, which make up 7% of the company, are expected to net a total of £99.7m for the investors.

The group is selling 46,171,359 shares at a price of 216p per share.

The other shareholders involved in the sale include, Hastings Investco, The Utley Family Charitable Trust and non-executive director Richard Brewster.

 

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